General Atlantic to invest ₹6,600 crore for 1.34% stake in Jio Platforms

New Delhi: General Atlantic, an US investment firm, will be investing ₹6,600 crore in Jio Platforms for 1.34% stake in the telecom unit of Reliance Industries, the company said in a statement.

General Atlantic had in the past helped fund Airbnb Inc. and Uber Technologies Inc.,

“This investment values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore,” said Jio Platforms. This investment continues to reaffirm Jio as a next generation software product and platform company, the company said in a statement.