Facebook invests $5.7 billion in Reliance unit, plans digital services for Indian grocers

Facebook invests $5.7 billion in Reliance unit, plans digital services for Indian grocers

BENGALURU (Reuters) – Facebook (FB.O) will spend $5.7 billion to take just under 10% of Reliance Industries’ (RELI.NS) digital unit, seeking to roll out services for India’s grocers and other small businesses by capitalising upon WhatsApp’s already extensive reach within the country. FILE PHOTO: A 3D printed Facebook logo is placed between small toy people […]