Jio Platforms set to invest $200 million in Kalaari Capital

Mumbai | Bengaluru: Reliance Industries’ Jio Platforms is finalising an investment of up to $200 million in domestic venture capital fund Kalaari Capital, according to two people in the know of the matter.

The Mukesh Ambani-led conglomerate has closed a $100-million infusion, with an additional commitment of $100 million slated for later, said another person aware of the group’s plans to deepen its footprint in India’s burgeoning technology sector.

“Kalaari Capital has communicated to multiple venture funds about racking up $100 million from Reliance, with the rest of the capital…to come in over the next year,” said one of the persons cited above, who did not want to be identified as the talks are private.