RattanIndia Enterprises gets approval to invest Rs 350 crore in WOS

RattanIndia Enterprises has received board’s approval for an investment of Rs 350 crore in its 100% wholly owned subsidiary (WOS) namely Cocoblu Retail to build and undertake the business of online retail on Ecommerce platforms in India.

Cocoblu will be partnering with several big and small brands in India to bring them onto leading online platforms in the country. Cocoblu is committed to scale up local micro, small and medium manufacturers and help them build their brands and reach their true potential through digital channels. This provides a great opportunity for online retail in India devoid of complexities and capex of physical retail. Cocoblu seeks to be a dominant seller in multiple categories on these online retail platforms in the country. 

This funding will be utilized by Cocoblu to develop its business including creation of techenabled access to consumers for select brand owners/sellers on the platforms of leading e-commerce sites in India. The venture will offer end-to-end solutions to brands & sellers to help them achieve a highly-efficient and rapidly scalable model. Cocoblu envisages working with upcoming brands/ventures by giving them the right positioning in a highly competitive sector through its solution. 

RattanIndia Enterprises is engaged in the business of Power generation, transmission and distribution of power and power advisory.

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