Mukesh Ambani’s Reliance Retail, which runs 18,500 stores and e-commerce platforms, raised $1B from Qatar’s QIA for a 0.99% stake at a $100B pre-money valuation (Manish Singh/TechCrunch)

Mukesh Ambani’s Reliance Retail, which runs 18,500 stores and e-commerce platforms, raised $1B from Qatar’s QIA for a 0.99% stake at a $100B pre-money valuation (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Mukesh Ambani’s Reliance Retail, which runs 18,500 stores and e-commerce platforms, raised $1B from Qatar’s QIA for a 0.99% stake at a $100B pre-money valuation  —  QIA, Qatar’s sovereign fund, will invest $1 billion in Reliance Retail for a 1% stake in India’s largest retail chain, the two firms said Wednesday.