 "Addverb Technologies")
Reliance Industries (RIL) has picked up a majority stake in robotics start-up Addverb Technologies for $132 million (approx. Rs 984 crore) as the energy-to-telecom conglomerate looks to automate its businesses.
Addverb has developed highly automated warehouses for RIL, Flipkart, HUL, Asian Paints, Coca-Cola, Pepsi, ITC, and Marico. With this investment, RIL will hold around 54 per
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