Reliance Industries Said It Executed Definitive Agreements To Acquire Majority

Reliance Industries said it executed definitive agreements to acquire majority shareholding constituting 72.69 percent from existing investors of Indiavidual Learning Pvt Ltd, a leading AI-based education platform leveraging data analytics to deliver personalized learning outcomes to each student.

Reliance has agreed to invest upto USD 180 million into Embibe, over the next three years.

Embibe will use the capital over the next three years towards deepening its R&D on AI in education, as well as business growth and geographic expansion, catering to students across K-12, higher education, professional skilling, vernacular languages and all curriculum categories across India and internationally.

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