Recession? What recession? This seems to be the question that Jio Platforms, the digital subsidiary of Reliance Industries, is asking today, as another big name, KKR & Co. Inc, joined them as an investor. It takes the business that many weeks to buy a stake in the fast-growing digital services business. Jio Platforms Limited announced today that KKR will invest Rs 11.367 crore in Jio Platforms. This is KKR's largest investment in Asia and will result in a 2,32% stake in Jio Platforms on a fully diluted basis. KKR invests in its private equity and growth technology funds in Asia. This transaction values the Jio platforms at a net worth of 4.91 lakh crore and an enterprise value of 5.16 lakh crore. Last month, major tech investors like Facebook, Silver Lake, Vista, General Atlantic, and KKR announced total investments of Rs 78.562 crore in Jio platforms. The American global investment company manages various asset classes, including private equity, infrastructure and real estate through its strategic partners and hedge funds. Jio Platforms, with more than 388 million subscribers, has made significant investments in its digital ecosystem, using cutting-edge technologies covering broadband connectivity, smart devices, cloud and advanced computing, big data analytics, artificial intelligence, Internet of things, augmented and mixed reality and blockchain. Jio's vision is to enable a digital India for 1.300 billion people and businesses across the country, including small merchants, micro-businesses and farmers so that everyone can benefit from the fruits of growth. inclusive. Mukesh Ambani, Chairman and CEO of Reliance Industries, said: "I am delighted to welcome KKR, one of the world's most respected financial investors, as a valued partner in our journey towards growth and transformation of the Indian digital ecosystem. for the benefit of all Indians." He added: "KKR shares our ambitious goal of building a leading digital company in India. KKR has proven to be a valuable partner of the industry's leading franchisees and has been involved in India for many years, looking forward to Leverage KKR's global platform, industry knowledge, and operational experience to further develop Jio." < p lang="en" dir="ltr">JIO MAKES THE FIFTH CONTRACT !!! KKR will invest €11,367 cr in Jio platforms #RelianceJio #Jio #KKR pic.twitter.com/VkuPMxV2nTM May 22, 2020 Henry Kravis, Co-Founder and Co-Founder of KKR, said: “Few companies have the potential to transform the digital ecosystem of a country as Jio Platforms does in India, and potentially worldwide." Invest behind Jio Platforms' impressive blueprint, world-class innovation and strong leadership team, and we see this landmark investment as a strong indicator of KKR's commitment to supporting leading technology companies in India and Asia Pacific." Founded in 1976, KKR has a long history of building great global companies and successfully investing in technology companies, including BMC Software, ByteDance, and GoJek through its private equity and technology growth funds.Since its inception, the company has invested more than €30 billion (total enterprise value) in technology companies, and today the company's technology portfolio includes more than 20 companies in the technology, media and telecommunications sectors.In addition, India has been a key strategic market for KKR with a history of investing in the country since 2006.