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Reliance Retail acquires majority stake in Just Dial for $469 million

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Reliance Retail said on Friday it has acquired a majority stake in 25-year-old Indian search and discovery firm Just Dial in a deal worth $469 million.

“Nearly 25 years ago, we had a vision to build a connected single platform dedicated to providing fast, free, reliable and comprehensive information to our users and connect buyers to sellers. Our vision has evolved to not only provide search and discovery but drive commerce across merchants through our B2B platform and enable further consumer to merchant commerce given our platform engagement. Our strategic partnership with Reliance enables us to realize this vision and transform the business going forward,” said VSS Mani, founder and chief executive of Just Dial, in a statement.

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