Reliance Group invests USD 12mn in realty firm Square Yards – Feedback

Anil Ambani-led Reliance Group’s private equity firm has invested USD 12 million in real estate brokerage firm Square Yards, the realty firm said today.

The brokerage firm will use the proceeds to strengthen its distribution network. Square Yards, an online to offline (O2O) real estate transaction player, has “raised US$12 million investment from the Private Equity arm of Anil Ambani led Reliance Group.” Square Yards has secured first institutional investment from Reliance Group after it had raised USD 11 million from a clutch of high net worth investors last year. With the fresh capital infusion, Square Yards aims to strengthen its distribution network across Indian and global markets, the company said in a statement.

http://www.business-standard.com/article/pti-stories/reliance-group-invests-usd-12mn-in-realty-firm-square-yards-116110900519_1.html

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