Reliance Invests $180M in Embibe, the Largest AI Platform for Education

Reliance is set to pick up a majority 72.69 percent stake in online education platform Embibe, which uses data analytics to deliver personalised learning outcomes to students. Reliance agreed to invest the rupee equivalent of $180M into Embibe, the Bengaluru-based AI education platform, over the next three years. A part of this will be towards acquiring a stake of 72.69 percent from Embibe’s existing investors. The transaction is subject to customary closing conditions. Read full article online >>