KKR completed the $755m investment in Reliance Retail Ventures.

KKR,an investment company, completed the $755m investment in Reliance Retail Ventures, a holding company of all the retail companies under the RIL Group. “We are pleased to deepen our relationship with Reliance Industries through this investment in Reliance Retail Ventures, which is empowering merchants of all sizes and fundamentally changing the retail experience for Indian consumers. Reliance Retail’s new commerce platform is filling an important need for both consumers and small businesses as more Indian consumers move to shopping online and the company offers tools for Kiranas to be a critical part of the value chain. We are thrilled to support Reliance Retail in its mission to become India’s leading omnichannel retailer and ultimately to build a more inclusive Indian retail economy,” Henry Kravis, KKR Co-Founder and Co-CEO.