Facebook invests $5.7 billion in Reliance

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Facebook invests $5.7 billion in Reliance unit to reach small Indian grocers

By Parveen Kumar on April 22, 2020 • ( Leave a comment )

BENGALURU – Facebook will spend $5.7 billion for 10% of Reliance Industries’s digital business, as the social media firm looks to leverage its popular WhatsApp messenger to offer digital payment services to small grocers in India. The deal will help Reliance cut debt that has piled up in […]