Private Equity: Vista Equity Partners Invests in Reliance Jio Platforms

May 15, 2020 | News, Venture Capital

A holdover from last week. But technology-focused private equity firm Vista Equity Partners has invested in Reliance Jio Platforms, India’s low-cost telecommunication company.

Vista is investing $1.5 billion for a 2.32% stake in Reliance Jio Platforms. Fellow tech-centric private equity firm Silver Lake and Facebook (NASDAQ: FB) have also made significant investments in the company recently.

Vista Equity Partners and Reliance Jio

Launch in 2016 Reliance Jio has become the biggest telephone company in India. The firm offers bargain-priced data plans and free voice calls. In just four years, they gathered more than 388 million subscribers. A subsidiary of India’s largest company. Reliance Industries runs the company. Reliance is planning to continue growing the company and hopes to become a global technology leader and among the leading digital economies in the world.”

Reliance Jio Platforms also owns several other services, including music streaming service JioSaavn , smartphones, broadband business, on-demand live television service JioTV and payments service JioPay. Facebook, which owns 9.9% of Reliance Jio, has said that they will work with the company to expand in areas like e-commerce and other services.

Vista is hoping to use the platform to expand the presence of its portfolio software companies in the region. Some of their companies already have a presence in India as it is the second-largest internet user in the world right now.

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.

Alt Insights

May 21, 2020

Venture Capital: British Startup Offers Travel Jaunts on the Never-Never

Venture Capital: British Startup Offers Travel Jaunts on the Never-Never

Latest Alternative Investment News
Liquid Alternatives: RIP 60:40. Liquid Alts Solve the New Equation
May 22, 2020     Latest News, Liquid Alternatives, News

Volatile equity markets and declining fixed income yields have turned the traditional 60:40 portfolio allocation between stocks and bonds on its head. According to one study, an investor would today…
Digital Assets: The Texas Grid Pays Thiel-backed Layer1 to not Mine Cryptos in August
May 22, 2020     Digital Assets, News

Layer1, the bitcoin miner backed by the likes of top-flight VC Peter Thiel and early-stage investor Shasta Ventures, based its operations in west Texas to take advantage of cheap power….
Venture Capital: Beijing-based start-up Missfresh May Soon Nab $500M
May 22, 2020     News, Venture Capital

The Covid-19 has boosted the fortunes of online grocery delivery start-up Missfresh. Locked-in families have stepped up their demand for groceries and fresh foods to be delivered at home amidst…
Fintech: Visa Enters an Investment and Strategic Partnership with GoodData
May 22, 2020     FinTech, News

Global analytics firm GoodData announced it had received an investment from Visa Ventures, the corporate venture investment division of payments giant Visa (NYSE: V). GoodData also said the two companies…

Scroll to Top