General Atlantic joins PE backers of Reliance's India app platform
General Atlantic has agreed to invest INR65.98 billion ($870 million) in Jio Platforms, becoming the fourth investor in the holding company for Indian conglomerate Reliance Industries' internet and telecom assets.
In the past few weeks, the company has secured investments from Facebook, Silver Lake Partners, and Vista Equity Partners. Should the four deals receive regulatory approval then Jio Platforms is expected...
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