Reliance Industries has completed the acquisition of majority stake from existing investors of Indiavidual Learning (Embibe), a leading AI-based education platform leveraging data analytics to deliver personalized learning outcomes to each student.
With this transaction, RIL will hold 72.69% (on fully diluted basis) in Embibe. The founder and CEO of Embibe, Aditi Avasthi will continue in her leadership role and will drive the growth of the business.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content