The Indian conglomerate is expanding its so-called new trading venture, which links neighborhood stores to Reliance for online delivery of groceries, clothing and electronics in a space currently dominated by Walmart Inc.’s Flipkart and the Indian branch of Amazon.com Inc. The purchase “will further enable the group’s new digital and business initiatives and broaden the range of consumer products provided by the group,” Reliance said in a stock exchange statement Sunday. Urban Ladder, which counts Steadview Capital, SAIF Partners, Sequoia and Kalaari Capital among its investors, has raised $ 114.9…

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