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Become A Startup Insider With Inc42 Plus
Join our exclusive community of business leaders &makers for in-depth tech stories and intelligence on India’s tech economy you won’t find elsewhere.
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Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.
Over the weekend, Reliance Jio Platforms has secured $850 Mn from new investors— TPG Capital and L Catterton. Global alternative asset investor TPG will invest INR 4,546.80 Cr ($599.67 Mn) in Jio Platforms at an equity value of INR 4.91 Lakh Cr and an enterprise value of INR 5.16 Lakh Cr. Jio is also raising INR 1894.50 Cr ($249.8 Mn) from L Catterton, a consumer-focused private equity firm.
This investment values Jio Platforms at an equity value of INR 4.91 Lakh Cr and an enterprise value of INR 5.16 Lakh Cr. With this investment, Jio Platforms has raised INR 1.04 Lakh Cr from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG and L Catterton.
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