India’s Reliance Jio Platforms to sell $250 million stake to L Catterton – TechCrunch

[ad_1] Speaking of Reliance Jio Platforms, the top Indian telecom operator said on Saturday it has secured another investment. L Catterton, a U.S. private equity firm will invest $250 million for a 0.39% stake in Jio Platforms, becoming the ninth investor to back the Indian firm at the height of a global pandemic. L Catterton,…

India’s Reliance Jio Platforms to sell $600 million stake to TPG – TechCrunch

[ad_1] American private equity firm TPG said on Saturday it will invest $600 million in Jio Platforms, joining a roster of high-profile investors including Facebook and Silver Lake that have backed India’s top telecom operator at the height of a global pandemic. TPG said it is acquiring a 0.93% stake in Jio Platforms, giving the…

India’s Reliance Jio Platforms to sell $750 million stake to Abu Dhabi Investment Authority – TechCrunch

[ad_1] Mukesh Ambani has courted the seventh major investor for his telecommunications business in just as many weeks. On Sunday, Reliance Jio Platforms said it will sell a stake of 1.16% for $750 million to Abu Dhabi Investment Authority (ADIA), continuing its eye-catching run of investments at the height of a global pandemic. The three-and-a-half-year-old…

Silver Lake to buy additional $600 million stake in India’s Reliance Jio Platforms – TechCrunch

[ad_1] Silver Lake is doubling down its bet on India’s Reliance Jio Platforms. The U.S. private equity firm said Friday it is buying an additional stake worth $600 million in the top Indian telecom operator, which has now raised $12.2 billion in less than two months at the height of a global pandemic. The Menlo…

JioMart, the e-commerce venture from India’s richest man, launches in additional cities – TechCrunch

[ad_1] The rationale behind the deluge of dollars flooding into billionaire Mukesh Ambani’s Reliance Jio Platforms is beginning to become more clear as his e-commerce venture JioMart starts rolling out to more people across India. An e-commerce venture between the nation’s top telecom operator Jio Platforms and top retail chain Jio Retail, JioMart just launched…

KKR to invest $1.5 billion in India’s Reliance Jio Platforms – TechCrunch

[ad_1] Mukesh Ambani’s Reliance Jio Platforms has agreed to sell 2.32% stake to U.S. equity firm KKR in what is the fifth major investment the top Indian telecom operator has secured in just as many weeks. On Friday, KKR announced it will invest $1.5 billion in the top Indian telecom operator, a subsidiary of India’s…

General Atlantic to invest $870M in India’s Reliance Jio Platforms – TechCrunch

[ad_1] Mukesh Ambani’s Jio Platforms has agreed to sell its 1.34% stake to General Atlantic, the latest in a series of deals the top Indian telecom operator has secured in recent weeks. On Sunday, New York-headquartered private equity firm General Atlantic said it would invest $870 million in the Indian telecom operator, a subsidiary of…

Vista Equity Partners to invest $1.5B in India’s Reliance Jio Platforms – TechCrunch

[ad_1] Private equity firm Vista Equity Partners said on Friday it will invest $1.5 billion in Reliance Jio Platforms, joining social conglomerate Facebook and Silver Lake that have also made bets on the Indian telecom giant in recent weeks. The planned announcement, which would give the U.S.-headquartered software-focused buyout firm Vista Equity Partners a 2.32% stake…

Facebook’s $5.7 billion bet on Indian giant Jio spells trouble for Amazon and Flipkart – TechCrunch

[ad_1] Facebook’s major bet on Jio Platforms could create a headache for mobile payments services that have amassed tens of millions of users while struggling to find a business model in the world’s second-largest internet market. The $5.7 billion investment, Facebook’s second-largest to date, could also further its dominance in India — its biggest market…