India, June 18 -- Mumbai-based conversational AI assistant Haptik is securing cash from its parent company, Reliance Industries.

According to the Ministry of Corporate Affairs filings accessed by Inc42, the company in a board meeting on May 29, decided to offer and issue upto 62,50,000 equity shares with a face value of INR 10 and premium of INR 70, worth INR 50 Cr to Reliance Industries in multiple tranches. The first tranche of the deal came in on June 17, with Reliance securing 15 Lakh equity shares with a face value of INR 10 and premium of INR 70, worth INR 12 Cr.

Founded in 2013 by Aakrit Vaish and Swapan Rajdev, Haptik lets customers chat with voice assistants to complete daily tasks such as online shopping, travel bookings, food...