Mukesh Ambani’s Reliance Jio prepares to take on Elon Musk’s Starlink

Mukesh Ambani’s telecom behemoth Reliance Jio has entered into joint venture with Luxemburg based SES to offer affordable and scalable satellite based internet services in India. This was revealed by Reliance Industries’ regulatory filings with stock market regulator SEBI. Following this key investment, Reliance Jio is all set to surmount a challenge to Elon Musk’s satellite…

ByGirish ShettiFebruary 15, 20220Comments

Funding News

Google all set to pick 7.7% stake in Reliance Jio for INR 33,737 Crore

Reliance Industries on Wednesday held its 43rd Annual general meeting in Mumbai. At the time of uploading this news, Reliance Industries’s MD Mukesh Amabani was still giving his speech at the highly anticipated AGM. Within Half-hour into his speech, Amabani came out with some big announcements but the one announcement that stood out (at least…

ByGirish ShettiJuly 15, 20200Comments

Funding News

Jio gets Extra Rs 9093.6 Crore from Mubadala Investment

While the world continues to grip with the global pandemic, Reliance Jio has used these adverse times for unlocking the value of its company by selling the stake to foreign entities. Now India’s largest telecom operator has added yet another foreign investor to its list, after signing a funding agreement with Mubadala Investment Company. Mubadala Investment…

ByGirish ShettiJune 5, 20200Comments

Funding News

Jio’s Fundraising Spree Continues, mops up Rs 6,598 crore from General Atlantic

Reliance Jio on Sunday announced that it has raised INR 6,598 crore from equity investment firm General Atlantic. The fresh investment values Jio platforms at Rs 4.91 lakh crore on equity basis and Rs 5.16 lakh crore on enterprise basis. Image Credits: Flickr The Trendz Journal The latest round marks Jio’s fourth fundraising deal during the last…

ByGirish ShettiMay 17, 20200Comments

Funding News

Vista Equity Partners Acquires 2.32% stake in Reliance Jio

Reliance Industries on Friday said that US based investment firm Vista Equity Partners will be acquiring 2.32 percent equity stake in its telecom arm Reliance Jio. The Texas headquartered investment firm will be shelling out INR 11, 367 crore or $1.5 Bn for a stake in India’s largest telecom company (by subscriber base). The deal will…

ByGirish ShettiMay 8, 20200Comments

photo of India's richest man Mukesh Ambani

Not Just Startups

Facebook Bets on Ambani’s Reliance Jio – Top Trending News

1 Facebook bets on Ambani’s Wireless Platform Reliance Jio Facebook has poured $5.7 Bn in Mukesh Ambani’s Wireless Platform Reliance Jio, the subsidiary firm of India’s most valued private firm –Reliance industries. Following the investment, the social media giant will take 9.9% stake and will become the largest minority stake holder in the…

ByGirish ShettiApril 22, 20200Comments

Not Just Startups

Facebook in Talks to Acquire stake in Reliance Jio – Top Trending Stories

Here are today’s top 5 trending and happening stories from the world of technology 1 Facebook in Talks to Acquire 10% stake in Reliance Jio Reliance Jio, subsidiary company of India’s most valued private company Reliance Industries, is in talks to part away minority stake to Facebook. Finance Times reports that American social…

ByGirish ShettiMarch 25, 20200Comments

Funding News

Reliance Jio Mounting a challenge to Amazon’s Alexa with Haptik Acquisition: Report

Reliance Jio’s disruptive launch in 2016 ended up rattling India’s internet and telecom sector. However, there can be no denying that Jio’s disruptive launch has today transformed the millennial proverb of ‘roti, kapada, makan and internet’ into a reality. Now it seems Mukesh Ambani’s company is gearing up to make this reality more grandeur by…

ByGirish ShettiMarch 29, 20190Comments

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