Jio Platforms gets bigger investor in Vista tickets

The | The comparison Jio Platforms Secures Larger Investor in Vista Tickets | The comparison

Following social media giant Facebook and private equity firm Silver Lake, which are heavily dependent on Indian telecom giant Jio Platforms, another private equity firm Vista Equity Partners will invest €1.5 billion (Rs.11.367 million). rupees). Jio Platforms has now raised Rs 8 billion, or Rs 60,596.37 crore, or a total of 13.4% equity, from top tech investors in less than three weeks. This Vista investment values ​​the Jio platforms at a net worth of 4.91 lakh crore and an enterprise value of 5.16 lakh crore. Vista's investment will translate into a 2,32% stake in Jio Platforms on a fully diluted basis, making Vista the largest investor in Jio Platforms behind Reliance Industries and Facebook. Reliance Jio Platforms, with its aggressive approach to the market since 2016, has managed to build a subscriber base of more than 388 million. But the recent wave of investment suggests the company is preparing to make further strides on several fronts. Commenting on the transaction with Vista, Mukesh Ambani, Chairman and CEO of Reliance Industries Ltd, said: "Vista also shares with us the same vision of continuing to grow and transform the Indian digital ecosystem for the benefit of all Indians." We are delighted to leverage the professional expertise and multi-level support that Vista brings to your global investments for the benefit of Jio. "

Jio sets a fiery beat

Vista is a leading global investment company focused on enterprise business, software and data. Vista has more than €57 billion in accumulated capital commitments and its global network of companies collectively represents the fifth largest enterprise software company in the world. Vista's portfolio companies currently have a significant presence in India with more than 13,000 employees. Robert F Smith, Founder, Chairman and CEO of Vista, said: "We believe in the potential of the digital society that Jio is building for India. Jio's world-class management team has created a platform to evolve and advance in the data revolution that started." "We are delighted to join Jio Platforms to deliver exponential connectivity growth across India, providing modern software to individuals, small businesses and enterprises to power the future of one of the world's digital economies fastest growing in the world," he added.