August 31st, 2020 4:44 PM 0 COMMENTS

Interest in Jio Platforms will Augur Well For Other Indian Tech Companies: GlobalData

GlobalData on Monday said that the “interest in Jio will definitely augur well for other Indian technology companies” at a time when companies across the globe are bracing up for digitisation. The data and analytics company said that several Indian IT vendors are struggling due to the COVID-19 outbreak in stark contrast to its global counterparts who have increased their valuations. GlobalData highlighted Apple as a global technology company increasing... Read More

July 15th, 2020 11:15 AM 1 COMMENTS

Jio Platforms Might Get $4 Billion Investment From Google

Jio Platforms, the number one telecom operator of India has got a large amount of cash influx with the help of all the investments over the past few months. As per reports, Google is interested in investing in the telco as well. Jio Platforms and Google are in early-stage talks about the deal. It will be a $4 billion investment for which Google will get a minority stake of the... Read More

July 13th, 2020 1:30 PM 0 COMMENTS

Jio Platforms to Receive Rs 730 Crore from Qualcomm Ventures

Jio Platforms on Sunday announced that Qualcomm Ventures, the investment arm of Qualcomm Incorporated is set to invest up to Rs 730 crores in Jio Platforms. The investment from Qualcomm Ventures is said to translate into 0.15% equity stake in Jio Platforms on a fully diluted basis. It was said that the investment from Qualcomm Ventures into Jio Platforms will “deepen the ties” between Qualcomm and Jio Platforms. Crucially, the... Read More

June 23rd, 2020 8:03 PM 0 COMMENTS

Jio Platforms to Jump 66% in Valuation by FY22, To Be Valued at $110 Billion: BofA Securities

Jio Platforms (JPL) has become one of the biggest and most valued companies in India. In the past few weeks, it has attracted investments of more than $10 billion from companies like Facebook, Silver Lake, Vista Equity Partners, and more. As a result of all these investments, the telco’s current valuation stands at $66 billion. According to BofA Securities, this valuation is about to make a 66% jump and Jio... Read More

June 13th, 2020 11:00 PM 2 COMMENTS

Jio Platforms Gets New Investments from TPG and L Catterton: Everything You Need to Know

Reliance Industries Limited, today announced an investment of Rs 1894.50 crore by L Catterton, one of the world’s largest consumer focused private equity firms. This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. L Catterton’s investment will translate into a 0.39% equity stake in Jio Platforms on a fully diluted basis. Besides L Catteron, TPG also... Read More

June 2nd, 2020 7:18 PM 0 COMMENTS

Jio Platforms to Get More Investments from Abu Dhabi Investment Authority

Jio Platforms Limited has become an attractive hub for companies to invest their money into. Reliance Jio has become one of the biggest companies in India in a very short span. It all started with Facebook’s investment followed up by investments from other groups — Silver Lake, Vista Equity Partners, General Atlantic, and KKR. All these companies got a holding of 17.12% in the Jio Platforms for which Jio could... Read More

May 22nd, 2020 10:09 AM 7 COMMENTS

KKR to Invest Rs 11,367 Crore in Jio Platforms,

Reliance Industries Limited and Jio Platforms Limited today announced that KKR would invest Rs 11,367 crore into Jio Platforms. This transaction values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. This is KKR’s largest investment in Asia and will translate into a 2.32% equity stake in Jio Platforms on a fully diluted basis. Over the last month, leading... Read More

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