The richest man in the country, Mukesh Ambani knows exactly where his money needs to go. He is the owner of Reliance Industries and has also been in the news lining up investors in its retail unit after his conglomerate raised over $20 billion in 2020 from global investors, including Facebook Inc, by selling stakes in its Jio Platforms digital business.

He is also known for investing thousands of crores in startups in the country. According to a Morgan Stanley report titled What Reliance is Buying, the group has invested more than $5.6 billion (about Rs 41,500 crore) across sectors, led by telecom and digital business at $2.5 billion, as reported by Bloomberg.

Here are the list of some popular startups he has invested in:

1. Dunzo 

   
   Reliance invested a whopping $240 million (around Rs 1,488 crore) in January 2022, which is the largest amount that Reliance has invested in any Indian firm so far and now holds a 25.8% stake in the Bengaluru-based startup. You all know what Dunzo does.

2. Embibe

   
   In 2018 Reliance Industries acquired 73% stake in the startup and so far invested $180 million (Approx. Rs 1340 crore). Embibe is an AI driven EdTech Platform.

3. Saavn

   
   In 2018, Reliance acquired Saavn, a leading global music OTT platform from its shareholders, for $104 million (Approx. Rs 775 crore) and merge it with its own digital music service Jio Music.

4. Haptik

   
   In April 2019, Reliance Jio Digital Services has signed a deal with Haptik, a conversational AI platform for $100 million (Approx. Rs. 700 crore). Reliance holds nearly about 87 per cent of the business.

5. Netmeds

   The Chennai-based online pharmacy delivery startup Netmeds (Vitalic Health Pvt. Ltd), a company that connects customers to pharmacists and enable doorstep delivery of medicines, nutritional health and wellness products for a cash consideration of approximately Rs 620 crore. After the deal, RIL holds a 60% stake in the Chennai-based company and 100 per cent direct equity ownership of its subsidiaries.