Reliance Jio buying Haptik for Rs 200 cr

Reliance Jio is reportedly acquiring Mumbai-based Haptik — one of the world’s largest conversational Artificial Intelligence (AI) platforms — for over Rs 200 crore, the media reported.

A report in Inc42.com late Thursday claimed that the transaction is expected to be completed this week.

Citing a company document, the report claimed that “Reliance Jio Services Ltd and Haptik founders Aakrit Vaish and Swapan Rajdev have signed a Business Transfer Agreement”.

When contacted, Haptik declined to give an official response on the report. A Reliance Jio spokesperson said that the company “does not comment on market speculation”.

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