After fundraising spree, Reliance Retail pushes grocery labels to India's small towns

Photo: Mint

After raising more than ₹47,000 crore through stake sales to global investors, Reliance Retail Ventures Ltd (RRVL) is expanding its private grocery labels and pushing into smaller towns.

While the company’s current valuation of close to ₹5 trillion may appear expensive to some investors, industry experts said its private grocery labels will start delivering higher margins soon.

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