Reliance is one of the biggest Indian MNC.
They are into:
-Exploration & Production
-Petroleum Refining & Marketing
-Global Corporate Security
• Security Services
-Petrochemicals
• Polymers
• Polyesters
• Fiber Intermediates
• Aromatics
• Elastomers
-Textiles
-Retail
-Jio- end-to-end digital solutions for businesses, institutions and households
Reliance now announced strategic investment in "EMBIBE" to form largest AI based Education Platform.
As per the media release:
RIL executed definitive agreements to acquire majority shareholding constituting 72.69% (on fully diluted basis) from existing investors of Indiavidual Learning Pvt Ltd (“Embibe”), a leading AI-based education platform leveraging data analytics to deliver personalized learning outcomes to each student.
Reliance has agreed to invest upto Rupee equivalent of US$180 million into Embibe, (including consideration to be paid for acquiring majority stake from existing investors) 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. The founder and CEO of Embibe, Aditi Avasthi will continue in her leadership role and will drive the growth of the business.
This will definitely transform the education in India.