# Reliance Industries

> Reliance Industries is a VC fund backing Manufacturing. See 28 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Mumbai, India
- Total investments: 28
- Last investment: Dec 2025
- Lead investor: 79%
- Fund size: $523M
- Last fund: Sep 2016
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/reliance
- X (Twitter): http://twitter.com/relianceindltd
- Website: http://www.ril.com
- Facebook: http://www.facebook.com/RelianceIndustriesLimited

Reliance Industries is a VC fund in Mumbai focused on Manufacturing and Artificial Intelligence. Reliance Industries is engaged in the exploration, development, and production of crude oil and natural gas in India and internationally. Reliance Industries is the second-largest publicly traded company in India by market capitalization and is the second-largest company in India by revenue after the state-run Indian Oil Corporation. Across alleconomic and social spheres, Reliance's product and service portfolio affects nearly all Indians on a daily basis.

## Contacts

5 contacts available for Reliance Industries. Shizune tracks 14 team members at Reliance Industries. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/reliance-industries?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $2.8M–$4.2M |
| Corporate Round | $1.7M–$180M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 4 | 14% |
| Artificial Intelligence | 4 | 14% |
| Internet | 3 | 11% |
| Software | 3 | 11% |
| Machine Learning | 3 | 11% |

76 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Corporate Round | 7 | 25% |
| Funding Round | 3 | 11% |
| Seed | 2 | 7% |
| Series B | 2 | 7% |
| Post-IPO Equity | 2 | 7% |

13 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 15 | 54% |
| United States | 4 | 14% |
| Israel | 1 | 4% |
| United Kingdom | 1 | 4% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Ankur Bhatnagar | Head skyTran Initiative, Chairman's Office | 0 | https://shizune.co/investors/profile/ankur-bhatnagar |
| Archana Walavalkar | Creative Head | 0 | https://shizune.co/investors/profile/archana-walavalkar |
| Hital Meswani | Executive Director | 0 | https://shizune.co/investors/profile/hital-meswani |
| Manoj Modi | CEO | 0 | https://shizune.co/investors/profile/manoj-modi |
| PMS Prasad | Executive Director | 0 | https://shizune.co/investors/profile/pms-prasad |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Digantara | Digantara develops infrastructure and data solutions for monitoring objects and traffic in Earth orbit to support safer space operations and reduce collision risks for satellites. The company builds and integrates hardware, analytics, and software systems that combine multimodal sensor data into platforms for space situational awareness and missionassurance. It designs space surveillance tools including satellite-based sensors and ground-based systems to generate real-time orbital insights for customers such as satellite operators and agencies concerned with space traffic management. Digantara also supports analytical services that help interpret space object behavior and provides ongoing development of its data platforms and tracking capabilities. | $50M | Series B | Dec 16, 2025 |  |
| Wavetech Helium | Wavetech Helium is in charge of the helium gas resources and reserves in two of the world's top helium fairways, E-SE Colorado/W Kansas and NW Montana. | $12M | Venture - Series Unknown | Nov 28, 2024 |  |
| Mahan Energen | Mahan Energen is a company that engages in the generation and supply of power. It is a wholly-owned subsidiary of Adani Power. | $6M | Corporate Round | Mar 28, 2024 |  |
| Viacom18 Digital Ventures | Viacom 18 Media Pvt. Ltd. is one of India's fastest growing entertainment networks and a house of iconic brands that offers multi-platform, multi-generational and multicultural brand experiences. A joint venture of Viacom Inc and the Network18 Group, Viacom18 defines entertainment in India by touching people onair, online, on ground, in shopand through its cinema. | $517.4M | Secondary Market | Mar 13, 2024 |  |
| Alok Industries | They are India's largest fully integrated textile company with a dominant presence in the Cotton and Polyester segments. Their strategy for attaining this position was indeed simple : They have focused on world class infrastructure, best-in-class technology, uncompromising quality standards and dynamic product innovation. | $396.4M | Post-IPO Equity | Jan 02, 2024 |  |
| Dunzo | Dunzo is a hyper-local delivery app that connects users to the nearest delivery partner. The delivery and e-commerce company offers services that include delivery of packages, groceries, food, medicines, pet supplies, and more. It strives to advance the retail landscape by providing micro, small and medium-sized enterprises (MSMEs) with digitaltools and solutions to streamline and facilitate eCommerce sales. Dunzo is backed by investors Alteria Capital, Google, Lightbox, Evolvence, LGT Lightstone Aspada, and S Korea's Hana Financial Investment.It was co-founded by Ankur Aggarwal, Dalvir Suri, Kabeer Biswas, and Mukund Jha in Bengaluru, Karnataka, India in 2015. | $75M | Convertible Note | Apr 06, 2023 |  |
| Dunzo | Dunzo is a hyper-local delivery app that connects users to the nearest delivery partner. The delivery and e-commerce company offers services that include delivery of packages, groceries, food, medicines, pet supplies, and more. It strives to advance the retail landscape by providing micro, small and medium-sized enterprises (MSMEs) with digitaltools and solutions to streamline and facilitate eCommerce sales. Dunzo is backed by investors Alteria Capital, Google, Lightbox, Evolvence, LGT Lightstone Aspada, and S Korea's Hana Financial Investment.It was co-founded by Ankur Aggarwal, Dalvir Suri, Kabeer Biswas, and Mukund Jha in Bengaluru, Karnataka, India in 2015. | $75M | Series F | Apr 06, 2023 |  |
| Synchron | Synchron manufactures and markets a medical device that can be delivered to the brain with a catheter to record neuron signals that might be used to control an advanced prosthetic. | $75M | Series C | Dec 15, 2022 |  |
| Viacom18 Digital Ventures | Viacom 18 Media Pvt. Ltd. is one of India's fastest growing entertainment networks and a house of iconic brands that offers multi-platform, multi-generational and multicultural brand experiences. A joint venture of Viacom Inc and the Network18 Group, Viacom18 defines entertainment in India by touching people onair, online, on ground, in shopand through its cinema. | $2B | Venture - Series Unknown | Apr 27, 2022 |  |
| Addverb | Addverb provides intra-logistics automation solutions based on industry 4.0 technologies. It aims to improve operations on a sustainable basis that provides clients a competitive advantage by strengthening their entire supply chain. Addverb takes a 4D approach comprising discover, design, deliver, and dedicated support for the digitaltransformation of material handling processes, aimed at augmenting safety, scalability, and flexibility.Addverb's services include automated guided vehicles, pallet shuttle, and industrial IOT assistance that offer technical insight and rich operational experience to integrate operational technology and information technology to design and implement better automation assistance. | $132M | Series B | Feb 15, 2022 |  |

10 of 28 investments shown.

## Co-investors
- [Bodhi Tree](https://shizune.co/investors/profile/bodhi-tree) — VC Fund, 2 deals together
- [Fortistar](https://shizune.co/investors/profile/fortistar) — VC Fund, 2 deals together
- [Google](https://shizune.co/investors/profile/google) — VC Fund, 2 deals together
- [ARCH Venture Partners](https://shizune.co/investors/profile/arch-venture-partners) — VC Fund, 1 deal together
- [Bezos Expeditions](https://shizune.co/investors/profile/bezos-expeditions) — VC Fund, 1 deal together
- [Boundary Holding](https://shizune.co/investors/profile/boundary-holding) — VC Fund, 1 deal together

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## FAQ

### What does Reliance Industries invest in?

Reliance Industries invests primarily in Manufacturing, Artificial Intelligence and Internet startups, most often at Corporate Round and Funding Round stage. Most of the 28 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Reliance Industries's check size?

Reliance Industries typically joins rounds of $2.8M–$4.2M at Seed and $1.7M–$180M at Corporate Round. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Reliance Industries participates in.

### How do I contact Reliance Industries?

Public channels for Reliance Industries include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Reliance Industries?

The team at Reliance Industries includes Ankur Bhatnagar (Head skyTran Initiative, Chairman's Office), Archana Walavalkar (Creative Head) and Hital Meswani (Executive Director), among 14 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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