Indian BeehiveNews

Jio Platform raises USD 4.5 Billion from Google

Mumbai: Reliance Industries’ digital venture Jio Platforms has raised USD 4.5 billion from global tech giant Google for 7.73% equity stake, Mukesh Ambani announced at Reliance’s 43rd Annual General Meeting (AGM).

Google is investing at an equity valuation of INR 4.36 Lakh Cr. The investment is a part of Google’s USD 10 Bn ‘India Digitazation Fund’ to help the country unleash the potential of its digital economy.

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