The global business climate is perhaps the worst it has ever been. But that hasn't deterred even Reliance Industries-owned Jio platforms, as it continues to break new avenues for increased investment. In the last three weeks, there have been three deals with social media giant Facebook (€5,7 billion) and investment companies Silver Lake Partners (€750 million) and Vista Equity Partners (€1 thousand millions). That's about €5 billion (8 crores) in three weeks. But the Jio Platforms engine accelerates for more. According to media reports, American private equity fund General Atlantic is expected to invest €60,596.37-€850 million in Jio Platforms for a 950-1.5% stake. Jio is also said to be in talks with Saudi Arabia's sovereign wealth fund for a minority stake in Jio Platforms.
€8 billion and up: Asia's richest man is in talks to raise more money for Reliance Jio LEARN MORE: https://t.co/EYmHQ7yqU2#BillGates #ElonMusk #JeffBezos #LarryEllison #LarryPage #MarkBenioff #MichaelDell# MikeBloomranson RiedHoffman pic.twitter.com/sdEUT8VZJ511 May 2020 The market talk is that Reliance Industries is looking to dilute roughly 20 percent of Jio Platforms' equity. It has already sold almost 13.5% to Jio. The valuation should increase further with new investments. But these are not simple financial strategies for Jio platforms. Behind his ties, there are ambitious dreams. For example, in the Facebook deal, there is speculation that the social media giant wants to bring JioMart, Jio's small business platform, to WhatsApp, allowing users to connect with businesses. With over 400 million users, India is WhatsApp's largest market by some margin, and Jio and Facebook are now looking to use this scale to make the platform an e-commerce destination. According to the report, Jio is also working with the National Payments Corporation of India to bring major unified payment interface apps to Jio phones. On the other hand, Silver Lake had invested in Chinese internet giant Alibaba before it went public in 2014. General Atlantic, with which Jio is in talks, has invested in Uber and Airbnb. Jio Partners Choice is well known for building business on the internet and going public. RIL's decision to sell minority stakes in Jio Platforms will help reduce debt, stimulate growth and improve financial flexibility.