Khaitan, Bharucha, JSA act on Reliance acquisition of Shopsense Retail TechnologiesAugust 11 2019
Reliance Industries is acquiring a significant stake in Shopsense Retail Technologies for up to ₹295.25 crore.
Shopsense Retail owns “Fynd”, India’s largest fashion online to offline e-commerce aggregator with real-time inventory access to over 9,000 stores. Started in 2012, Fynd received investments from over 90 investors including Kae Capital, IIFL and Google.
The transaction provided an exit to all investors. Promoters are retaining a minority stake in the company, reported
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