Reliance Jio receives another $750 million investment from Silver Lake Partners

By Digit NewsDesk | Published on 04 May 2020

Silver Lake Partners, an American equity firm have just invested $750 million in Jio Platforms

This news comes weeks after Facebook also invested in the Indian telecom giant

Reliance is also looking to launch Jio Meet, the company's very own video calling app

Reliance Jio receives another $750 million investment from Silver Lake Partners
Reliance Jio receives another $750 million investment from Silver Lake Partners

Want to modernise your banking loan application?

Build an application that analyses credit risk with #IBMCloud Pak for Data on #RedHat #OpenShift

Click here to know more


Just a few weeks after Facebook announced that it was investing 5.7 billion dollars in Jio Platforms, Silver Lake Partners, an American private equity firm, has now invested 750 million dollars in Jio Platforms as well. As we reported earlier, Facebook has already invested in Jio Platforms and are looking to create a sort of ‘super app’, much like Weibo chat in China. The deal was Facebook’s largest since the company bought the messaging app WhatsApp in 2014. Facebook spent a whopping 22 billion dollars on that acquisition. 

Silver Lake Partners invest $750 million in Reliance Jio Platforms

According to various reports, the investment by Silver Lake Partners represents a shift as this is the first big investment for the equity firm in India. This could put Reliance in a dominant position and could see the telecom giant really push forward when and if the COVID-19 outbreak quells down. Talking about the investment, Reliance Industries Limites Chairman, Mukesh Ambani said, “I am delighted to welcome Silver Lake as a valued partner in continuing to grow and transform the Indian digital ecosystem for the benefit of all Indians. Silver Lake has an outstanding record of being a valuable partner for leading technology companies globally. Silver Lake is one of the most respected voices in technology and finance. We are excited to leverage insights from their global technology relationships for the Indian Digital Society’s transformation."

Reliance Jio joins hands with Silver Lake Partners for a Digital India

As the country goes through a relative time of turmoil because of the Coronavirus, it looks like companies like Reliance Jio are looking to revitalise the economy of India by introducing digitisation across all areas of the country. Reliance has also said that the company has piqued the interest of other financial investors. 

Reliance is also looking to launch Jio Meet, the company’s video calling app and have also offered 2GB free complementary data for Jio users. 

Digit NewsDesk

The guy who answered the question 'What are you doing?' with 'Nothing'.

Digit caters to the largest community of tech buyers, users and enthusiasts in India. The all new Digit in continues the legacy of as one of the largest portals in India committed to technology users and buyers. Digit is also one of the most trusted names when it comes to technology reviews and buying advice and is home to the Digit Test Lab, India's most proficient center for testing and reviewing technology products.

We are about leadership-the 9.9 kind! Building a leading media company out of India.And,grooming new leaders for this promising industry. Protection Status