Jio Platforms’ Latest Investment Deal With KKR to Push the Digital India Dream

Reliance Jio's technology platform, Jio Platforms, has been making headlines thanks to a slew of global investments. It all began with the world's largest social media company, Facebook making a $5.7 billion, or Rs 43,574 crore investment, earning a 9.99 percent stake in Reliance Jio.

This was shortly followed by Silver Lake, which invested Rs 5,655.75 crore for a 1.15 percent stake and Vista Equity Partners, an American investment firm that bought a 2.3 percent stake in Jio Platforms, worth Rs 11,367 crore. A few days ago we saw an investment by General Atlantic acquiring a 1.34 percent stake worth Rs 6,598.38 crore. Today marks the fifth big investment for Jio as private equity firm KKR has offered Rs 11,367 crore in Jio Platforms for a 2.32 percent stake.

Reliance Jio and its investments in India, particularly in the telecom space, have changed the very dynamics of the industry. This is the time when Jio Platforms evolves as a technology company that has expertise in multiple domains.