The deal with Intel — the 12th such investment in 11 weeks —takes the total stake that Reliance sold in Jio Platforms to 25.09 percent.
Intel is now a strategic investor in Jio Platforms.
Intel becomes second strategic investor in Jio Platforms after Facebook. Reliance Industries digital unit has now raised a total Rs 117,588.45 crore from some of the world’s leading tech investors in exchange for a cumulative 25.09 percent stake.
JioMeet will provide users a reliable video conferencing alternative for personal and professional use
Facebook will acquire the stake in Jio Platforms via Jaadhu Holdings LLC, a wholly-owned subsidiary it had created earlier this year.
Further, with cellular investments behind, Jio is focusing on broadband roll-out and targeting small and medium enterprises (SMEs) where it could offer bundled pack with Microsoft.
RIL, the oil-to-retail-to-telecom conglomerate, has now shed 24.7 percent stake in Jio Platforms and raised Rs 115,693.95 crore from some of the world’s top technology investors.
One of the world’s largest sovereign wealth funds, PIF will invest Rs 11,367 crore for a 2.32 percent stake in Jio Platforms.
The Mukesh Ambani-owned venture has raised over Rs 1 lakh crore since late April from a host of leading technology investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA and TPG.
L Catterton's investment comes in a span of a little less than two hours after private equity investor TPG invested Rs 4,546.80 crore for a 0.93 percent stake.
L Catterton, the world’s largest consumer-focused private equity firm, will invest Rs 1,894.50 crore for a 0.39 percent stake
TPG will invest Rs 4,546.80 crore for a 0.93 percent stake in Jio Platforms.
The latest deal with TPG has pushed Jio Platforms investment mop-up to over Rs 1 lakh crore.
TPG, an investor in companies such as Airbnb, Uber and Spotify, will invest Rs 4,546.80 crore for a 0.93 percent stake in Jio Platforms. Reliance digital unit has now raised a combined Rs 102,432.15 crore from leading technology investors.
Jio Platforms is a tale of the triumph of chutzpah. When the rest of the world has been cowering, frantic about survival, Jio has put together one of the largest technology funding deals in history
Reliance Jio: From Facebook to Abu Dhabi Investment Authority, here's a list of all seven investors in Jio Platforms
Jio Platforms: ADIA has been a long time investor in Indian equities.
ADIA invests Rs 5,683.5 crore in Jio. Reliance Industries has now sold 21.06 percent stake in its digital assets unit through 8 fundraising deals in 7 weeks and collected a total investment of Rs 97,885.65 crore, or $12.96 billion
In all, Jio has secured seven big investments in six weeks – Facebook, General Atlantic, Silver Lake, Vista Equity Partners, KKR and Mubadala.
With the latest round, Jio Platforms has raised a total of Rs 92,202.15 crore from global technology and growth investors.
After seventh deal in six weeks, RIL's digital unit has raised Rs 92,202.15 crore in exchange for 19.9 percent from some of the world's leading technology investors.
Deal emphasizes Jio’s recession-proof, COVID-resistant nature even as it presents a unique set of technologies and platforms under one entity
All the transactions are currently underway and subject to regulatory and other approvals.
The latest KKR deal goes on to prove investors can’t take their eyes off India’s single-largest opportunity