Ahead of JioMart’s foray into fashion, RIL infuses Rs 20 Cr in Fynd

07:30:00 PM, Wednesday 12th of August 2020 | in business

Fashion e-commerce platform Fynd has received an investment of Rs 20 crore from its holding entity, Reliance Investment Holdings. This is the second tranche infused by Reliance in the Mumbai-based company in the past 12 months. JioMart is likely to go live with fashion, electronics and pharmacy verticals before the festive season (Oct-Nov). The e-commerce arm of the group became the largest e-grocer in the country.