Over the past few months, COVID-19 has brought much of the fundraising neighborhood to a grinding halt. However, amidst all of it India’s hyper0growth telco Reliance Jio Platforms has actually put its fundraising efforts into complete gear
. Over the past 3 months, Jio has raised over$15.5 billion from an accomplice of financiers that include popular financial institutions like KKR and Silver Lake Partners, massive sovereign wealth funds like Saudi Arabia’s Public Mutual fund, and some of the biggest names in tech including Facebook.
The current deals have cemented Mukesh Ambani’s aspiration to make his oil-to-retails huge Reliance Industries (India’s the majority of valuable firm) a leading
homegrown internet giant. On Friday, he stated he plans to openly note Dependence Jio Platforms and Reliance Retail, the biggest retail chain in the nation– likewise managed by him– in the next 5 years.
As Reliance Jio Platforms, which has end up being the India’s top telecom operator with over 388 million subscribers in less than 4 years, continues its financing spree, at Bonus Crunch we are doubling down on our focus on covering everything Jio from here and out.
As we’ve tried to get up to speed on the company, we have actually put together a supplemental list of resources and readings that our company believe are particularly useful for discovering the story of Jio, which remains a strange company to many.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.