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Arya Nanda made post

Is it correct Google is planning to invest in Jio Platforms?

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Juvina Maggie answered.
3 weeks ago

It has been reported that Google is in advanced talks to invest up to $4 billion in Jio Platforms. Whether this is part of the $10 billion commitment to the Google India Digitization Fund, is not yet known. There has been no official confirmation from the officials of Reliance or Google. Jio Platforms has already attracted $15 billion till date.

If Google invests, it could be the third strategic investor in Jio Platforms after Facebook and Qualcomm. The others are private equity funds. Google has been trying to participate in the India digital action. In fact, their earlier talks to take a stake in Jio Platforms had not fructified over valuation issues.