Vista Stake Caps $8 Billion Deal Run for Asia’s Richest Man

Billionaire Mukesh Ambani is a man on a mission: to dominate India’s consumer Internet market — from online retail to digital payments. He just sealed three deals in as many weeks to raise a combined $8 billion, including from Facebook Inc. Asia’s richest man isn’t done yet, as he races to transform the legacy oil-and-petrochemicals empire his late father built into a technology-driven, e-commerce force.

“Reliance is the giant that can pull all this off,” said Sanchit Vir Gogia, founder and chief executive officer at technology and digital advisory, Greyhound Research. “It can marry its offline assets with its online properties for better monetization and multiple revenue streams. That excites investors who are seeing it as a hybrid opportunity.”

[Bloomberg]


Analyst:

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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