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Reliance Set To Acquire Majority in Embibe.com | NYOOOZ TV

1,583 views · Published 9 April 2018 · 1:10 · Indexed 25 October 2026

Channel: NYOOOZ TV · 2018 · News & Politics

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The Reliance family office, the private company of Mukesh Ambani is all set to acquire a majority stake in Embibe.com which is an online educational portal, for close to Rs 100 crore. Embibe was initially backed by Sandeep Murthy, who led the India investments of some Silicon Valley venture capital firms.  A deal with Reliance would allow two funds that invested in Embibe in 2013 to exit. Kalahari Capital and Lightbox Ventures had put in about $4 million, or close to Rs 25 crore together. Both funds were early-stage investors in the company that was founded in 2012 by Aditi Avasthi.

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