Reliance announces strategic investment of $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 today agreed to invest the rupee equivalent of $180 million 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. This is one of the biggest transactions in the Indian education and deep technology space.