Jio platforms to get a of Rs 6,598 crore investment from General Atlantic

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A total of three companies that have recently invested in a large amount of money in the Jio-Platform. Now that General Atlantic, a leading global growth equity firm, is the latest company to invest Rs 6,598.38 crore in Reliance Jio platform. This investment values, Jio Platforms in shareholders ‘ equity from Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Therefore, the company purchased 1.34 per cent stake in Jio are enabled on a fully-diluted basis.

In less than three weeks, Jio Platforms, it has increased to Rs 67,194.75 crore from a leading tech investor. These include Facebook, Silver Lake and Vista Equity Partners, General Atlantic and many more. The company is a major investor in the consumer tech space, has invested in companies such as Alibaba, Box, ByteDance, Facebook, Slack, Snapchat, and Uber.

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Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said: “I am delighted to welcome General Atlantic, a marquee, or a global investor, as a valued partner. I know the General Atlantic for a number of decades, and are full of admiration for the faith in India’s enormous growth potential. General Atlantic’s share in our vision of a Digital Society in India, and strongly believes in the transformative power of digitization in the enrichment of the lives of the 1.3 billion people in India. We are excited to leverage General Atlantic’s proven global expertise and strategic insights to over 40 years of technology investment for the benefit of Jio.”

Bill Ford, ceo of General Atlantic, said: “As a long-term provider of global technology leaders, visionary entrepreneurs, and we could not be more excited about investing in the Jio. We will not share Mukesh’s conviction that digital connectivity has the potential to be a significant speed up of the Indian economy and the growth of the country as a whole. General Atlantic has a long track record of working together with the founders of the company, the scale of the disruptive companies Jio it is at the forefront of the digital revolution in India.”





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