Indian oil-to-telecoms conglomerate Reliance Industries huge growth, according to the reports a total of Rs. 6,441.3 crores ($847 million) from the sale of two stakes in its digital unit Jio Platforms.
Reliance Jio has also shown interest in investing te company shares, recently Reliance has now sold just over 22 percent of Jio Platforms to investors including Facebook, securing $13.72 billion in eight weeks.
With more than $79 billion of assets under management, TPG is an investor in technology companies including Airbnb, Uber, and Spotify. L Catterton, which has a partnership with French luxury group LVMH and investment firm Groupe Arnault, concentrates on consumer-focused brands.
The investment of the Jio platform includes its various segments which include its music and video streaming apps and also other segments.
Jio has acquired huge users in India, it has a total of 376 million users. Jio has also played a major role in making Inia Digital by providing the heap and fast internet services that other internet service providers.