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”.