After a week of silent, Jio Platforms the telecom and digital arm of Reliance Industries is again in the news. This time, Intel Capital the investment arm of Intel Corporation is investing Rs 1,894.50 crore in Jio Platforms. This would take the valuation of Jio to Rs 4.91 lakh crore (equity value) and an enterprise value of Rs 5.16 lakh crore. Once the investment gets through, Intel will have 0.39 per cent stake in the platform.
With this investment, Jio Platforms has in total raised Rs 117,588.45 crore. Till date, the company has attracted eleven leading global investors and twelve investments. The investment came from Facebook, Silver Lake (2 investment), Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, PIF and finally Intel.
Intel Capital is the investment arm of Intel Corporation and has invested globally in innovative companies with a focus on disruptive technology areas like cloud computing, artificial intelligence and 5G.