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KKR to invest $1.5B in Reliance Jio for a 2.32% stake; this is Reliance Jio's fifth major raise in just as many weeks

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 in the top Indian telecom firm in just as many weeks.

TechCrunch Manish Singh

Discussion

  • @jasonlk @jasonlk on x
    sometimes it's good for PR to dribble out all the VCs in different micro-rounds, one for each say $1B invested https://twitter.com/...
  • @sub8u Subrahmanyam Kvj on x
    Facebook, Silver Lake, General Atlantic, Vista, and now KKR. $10 Billion+ raised in under a month. What did you do during the lockdown? #Jio https://techcrunch.com/...
  • @ritacyliao Rita Liao on x
    “Amazon, Google, FB, Microsoft, Xiaomi, & TikTok-parent ByteDance among several others already count India as one of their most important overseas markets. In the past decade, nearly half a billion Indians came online for the first time, thanks in large part to Reliance Jio” http…