Tech
Reliance Retail plans 2028 IPO; qcomm growth to form key pillar
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India’s largest retailer, Reliance Retail, is gearing up for an initial public offering (IPO) by 2028, with an expansion strategy that emphasises profitability and growth in the booming quick commerce space.
As part of this, Reliance plans to add around 2,000 stores annually, and focus on reducing debt from over Rs 53,000 crore to about Rs 20,000 crore.
Here’s a look at what has happened so far.
Qcomm ramp-up
Reliance chose to sit out the 10-minute delivery race, where it would go up against incumbents Zepto, Eternal-backed Blinkit, and Swiggy…
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