Over the previous few months, COVID-19 has introduced a lot of the fundraising group to a standstill. However, amidst all of it India’s hyper0growth telco Reliance Jio Platforms has put its fundraising efforts into full gear.
Over the previous three months, Jio has raised over $15.5 billion from a cohort of traders that embrace outstanding monetary establishments like KKR and Silver Lake Partners, large sovereign wealth funds like Saudi Arabia’s Public Investment Fund, and among the largest names in tech together with Facebook.
India’s richest man constructed a telecom operator everybody desires a chunk of
The latest offers have cemented Mukesh Ambani’s ambition to make his oil-to-retails large Reliance Industries (India’s most precious agency) a prime homegrown web large.
On Friday, he mentioned he plans to publicly record Reliance Jio Platforms and Reliance Retail, the biggest retail chain within the nation — additionally managed by him — within the subsequent 5 years.
As Reliance Jio Platforms, which has change into the India’s prime telecom operator with over 388 million subscribers in lower than 4 years, continues its funding spree, at Extra Crunch we’re doubling down on our concentrate on overlaying all the pieces Jio from right here and out.
How Reliance Jio Platforms grew to become India’s largest telecom community
As we’ve tried to stand up to hurry on the corporate, we’ve compiled a supplemental record of sources and readings that we imagine are notably useful for studying the story of Jio, which stays a mysterious agency to many.