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Reliance Industries acquires a majority stake in SaaS startup NowFloats for $20M

Mimi Sabreena 9:26:00 AM Business

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Reliance Industries, one of India’s largest industrial houses, has acquired a majority stake in NowFloats, an Indian startup that helps businesses and individuals build online presence without any web developing skills. In a regulatory filing on Thursday, Reliance Strategic Business Ventures Limited said (PDF) it has acquired an 85% stake in NowFloats for 1.4 billion Indian …

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