Addverb Technologies plans big
Reliance Industries has picked up a 54% stake in Addverb Technologies for Rs 983 million. With this investment, RIL will become a strategic partner. This funding round will accelerate addverb’s expansion in Europe and the US. It will also enable the company to set up a large robotic manufacturing facility.
Ajio and JioMart gets advantage
The facility will be completely automated and will propel India as a world leader in the robotic sector. Addverb’s technology is expected to help Reliance scale up its platforms Ajio and JioMart.
