Mukesh Ambani’s Reliance Jio has been able to attract the third big investor – Vista Equity Partners – which is the world’s largest tech fund following its landmark deal with Facebook.
Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound research wrote in his note that the Vista Equity Partners deal will further push RIL’s ambitions for the digital ecosystem in India by leveraging the Vista’s software domain expertise to help build Jio apps, in immediate capital infusion as well as better leveraging Jio’s 388 million user base.
P.S.: To read a research report on the investments in Jio Platforms, click here.
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.
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