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Mukesh Ambani's Reliance lands another billion-dollar check from Silver Lake
JioMart, Reliance’s ambitious e-commerce unit, is a joint venture between Reliance Retail and Jio Platforms.
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Moulishree Srivastava
Journalist • [email protected]
I cover Indian tech, startup, venture capital ecosystems for KrASIA.
Overall, Byju's has raised more than USD 2.3 billion from global high-profile investors.
SoftBank has held discussions with India’s two largest telecom operators for buying out TikTok India in August.
The recent transaction has tripled the five-year-old startup’s valuation to USD 1.45 billion in less than six months.
This is an estimate by HSBC and isn't Zomato's current valuation.
9Unicorns will write the check of USD 100,000 for five to seven percent equity per startups.
The company has invested in about 90 companies to date. Three are now unicorns.
Reliance had said its 5G solution will be ready for trials as soon as the 5G spectrum is available and can be ready for field deployment by next year.
To date, Byju's has raised over USD 1.3 billion from global high-profile investors such as Tencent, Sequoia Capital, Lightspeed Venture Partners, and Bond, among others.