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Inc42 Shots | It’s Raining Investments For Reliance Jio

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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Author

Harshil Khatter

Inc42 Staff