Edtech startup Embibe has raised INR 90 Cr funding from Mukesh Ambani-owned Reliance Industries Limited (RIL)
Reliance, which is already an existing shareholder of the company, has received 8,99,198 preference shares as part of this transaction. The value per share stood at INR 1 with a premium price of INR 999 for this deal.
Embibe is an edtech company and leverages AI-based data analytics to personalise learning outcomes. It targets students across K-12, higher education, professional skilling, vernacular languages and all curriculum categories across India and abroad.