Categories RELIANCE JIO

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KKR closes $15 billion fund targeting consumption and urbanization in Asia

KKR has just closed $15 billion for its Asia-focused private equity fund, exceeding its original target size after receiving “strong support” from new and existing global investors, including those in the Asia Pacific region. The new close came nearly four years after KKR raised its Asian Fund III of $9.3 […]

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Forget winning, can Amazon survive in India?

During a visit to India in 2014, Amazon chief executive Jeff Bezos made a splashy announcement: His firm was investing $2 billion in the South Asian nation, just a year after beginning operations in the country. Amazon’s announcement underscored how far India had come to open up to foreign firms. […]

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Netflix to test free weekend-long access in India

Netflix plans to give users in India access to its service at no charge for a weekend as part of a test to expand its reach in the country, a top company executive said Tuesday. The American streaming giant, which today reported slow user growth for the quarter that ended […]

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Ambani’s Reliance Retail to raise $1 billion from Silver Lake

Indian billionaire Mukesh Ambani’s retail business Reliance Retail said on Wednesday it will raise $1.02 billion from Silver Lake, kickstarting a fundraising spree months after its sister venture Jio Platforms raised $20 billion. The investment in Reliance Retail will grant Silver Lake a 1.75% equity stake in India’s largest retail […]

Facebook tests TikTok-style video format on its main app in India

Facebook is going all-in on short-form videos. After flirting with the idea in Lasso, a TikTok-clone it tested in select markets, and adding a similar feature called Reels to Instagram recently, the company is exploring a new venue for this TikTok -esque experience: The big blue app. The company confirmed […]

WhatsApp to pilot projects to deliver credit, insurance and pension to users in India

WhatsApp plans to offer credit, insurance and pension products to lower income individuals and those in rural areas in India and help digitize local small and medium-sized businesses as the Facebook -service looks to make a digital payments push in its biggest market by users. The instant messaging app maker […]

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Qualcomm to invest $97 million in India’s Reliance Jio Platforms

Qualcomm has become the newest high-profile backer of four-year-old Reliance Jio Platforms, which has raised more than $15.7 billion in the past 12 weeks from as many investors. On Sunday evening, Qualcomm Ventures said it will invest $97 million in Reliance Jio Platforms to acquire a 0.15% equity stake “on a […]

India’s richest man takes on Zoom

India’s Reliance Jio Platforms, which recently concluded a $15.2 billion fundraise run, is ready to enter a new business: Video conferencing. On Thursday evening, the firm — backed by Mukesh Ambani, India’s richest man — formally launched JioMeet, its video-conference service that looks uncannily like Zoom. Like Zoom and Google […]

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A reading guide to Reliance Jio, the most important tech company in the world

Over the past few months, COVID-19 has brought much of the fundraising community to a standstill. However, amidst it all India’s hyper0growth telco Reliance Jio Platforms has put its fundraising efforts into full gear. Over the past three months, Jio has raised over $15.5 billion from a cohort of investors […]