• Hindi
  • Heritage Edge
  • Sports Edge
  • Wildlife Edge
SHARP. BITTER. NEUTRAL.
No Result
View All Result
  • Login
The Edge Media
Thursday, October 23, 2025
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge
No Result
View All Result
The Edge Media
No Result
View All Result
Home Business Edge

Jio Platforms gets another tech investor; raises funding from General Atlantic for this much stake

The Edge Media by The Edge Media
5 years ago
in Business Edge, Main Story, National Edge
Reading Time: 2 mins read
0
Share on FacebookShare on TwitterShare on LinkedInShare via TelegramSend To WhatsApp

Global private equity firm General Atlantic (GA) will invest Rs 6,598.38 crore in Reliance Industries and Jio Platforms in exchange for a 1.34 per cent stake in the company on a fully diluted basis. The latest round of investment comes in less than four weeks after Jio Platforms raised funding from Facebook, Silver Lake, and Vista Equity Partners. GA’s round values Jio Platforms at an equity value of Rs  4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore, the company said on Sunday in a statement. With the current round, the digital technology platform has raised Rs 67,194.75 crore from the four leading technology investors.

“General Atlantic shares our vision of a Digital Society for India and strongly believes in the transformative power of digitization in enriching the lives of 1.3 billion Indians,”

stated Mukesh Ambani, Chairman and Managing Director, Reliance Industries.

Jio Platforms currently has over 388 million subscribers and is likely to leverage GA’s experience from investing in global technology platforms such as Airbnb, Alibaba, Ant Financial, Box, ByteDance, Facebook, Slack, Snapchat, Uber etc.

“General Atlantic has a long track record working alongside founders to scale disruptive businesses, as Jio is doing at the forefront of the digital revolution in India,”

said Bill Ford, CEO, General Atlantic.

The fund has been investing in India for close to two decades and has backed technology businesses and startups in India including Mu Sigma, BillDesk, Byju’s, No Broker, Unacademy etc.

Previous Post

MHA issues guidelines for Lockdown 4.0 – Nationwide lockdown extended till 31st May details in report

Next Post

ICM revising its strategy for COVID-19 testing

Related News

GST Reforms Spark Record Festive Sales, 10X Rise in Digital Payments

GST Reforms Spark Record Festive Sales, 10X Rise in Digital Payments

by The Edge Media
October 19, 2025
0

New Delhi | India’s latest GST reforms, implemented on September 22, have significantly impacted consumer spending, with festive sales soaring...

Pakistan Slams ICC for “Biased” Statement on Afghan Cricketers’ Deaths

Pakistan Slams ICC for “Biased” Statement on Afghan Cricketers’ Deaths

by The Edge Media
October 19, 2025
0

Pakistan's Federal Minister for Information, Ata Tarar, has strongly criticized the International Cricket Council (ICC) for its statement regarding the...

Mitchell Marsh Hopes Kohli and Rohit Don’t Dominate Too Much in Australia ODIs

Mitchell Marsh Hopes Kohli and Rohit Don’t Dominate Too Much in Australia ODIs

by The Edge Media
October 18, 2025
0

Australia | As India gears up for their three-match ODI series against Australia starting October 19, host skipper Mitchell Marsh...

Young Man Dies in Agony at Park in Faridabad, Injury Marks Found on Body

Young Man Dies in Agony at Park in Faridabad, Injury Marks Found on Body

by The Edge Media
October 18, 2025
0

Faridabad | A young man tragically died in pain early Friday morning in a public park located in Sihi village, Faridabad....

Illegal Firecracker Factory Busted in Palwal, Explosives and Huge Stock Seized

Illegal Firecracker Factory Busted in Palwal, Explosives and Huge Stock Seized

by The Edge Media
October 18, 2025
0

Palwal | An illegal firecracker manufacturing unit was uncovered by the police in Manpur village under the jurisdiction of the Mundakati...

Indian Army Medic Saves Choking Infant on Train with Life-Saving CPR

Indian Army Medic Saves Choking Infant on Train with Life-Saving CPR

by The Edge Media
October 18, 2025
0

An Indian Army ambulance assistant, Sepoy Sunil, performed a heroic act aboard the New Delhi-Dibrugarh Rajdhani Express by reviving an...

Discussion about this post

Recommended

Sonia Gandhi: Successful daughter-in-law of Indian politics

5 years ago
China’s President Xi Puts Wealthiest Citizens On Notice

China’s President Xi Puts Wealthiest Citizens On Notice

4 years ago

Popular News

  • GST Reforms Spark Record Festive Sales, 10X Rise in Digital Payments

    GST Reforms Spark Record Festive Sales, 10X Rise in Digital Payments

    0 shares
    Share 0 Tweet 0
  • Pakistan Slams ICC for “Biased” Statement on Afghan Cricketers’ Deaths

    0 shares
    Share 0 Tweet 0
  • Mitchell Marsh Hopes Kohli and Rohit Don’t Dominate Too Much in Australia ODIs

    0 shares
    Share 0 Tweet 0
  • Young Man Dies in Agony at Park in Faridabad, Injury Marks Found on Body

    0 shares
    Share 0 Tweet 0
  • Illegal Firecracker Factory Busted in Palwal, Explosives and Huge Stock Seized

    0 shares
    Share 0 Tweet 0
  • Hindi
  • Heritage Edge
  • Sports Edge
  • Wildlife Edge
SHARP. BITTER. NEUTRAL.

© 2024 The Edge Media All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge

© 2024 The Edge Media All Rights Reserved.