Reliance may buy Urban Ladder, Milkbasket
Reliance Industries Ltd is in talks to buy online furniture retailer Urban Ladder and milk delivery firm Milkbasket to strengthen its e-commerce business, the Times of India newspaper reported
Talks with Urban Ladder are at an advanced stage, the report said, citing four unnamed sources briefed on the matter. A deal could be pegged at around $30 million, it said
Representatives at Reliance, Urban Ladder and Milkbasket did not immediately respond to Reuters requests for comment.