Reliance

Reliance Industries’ mad run to raise funds continues. Jio Platforms total funding crossed USD 10 billion.

General Atlantic is the fourth investor to come on the cap table of Jio Platforms in the past four weeks.

Using Bluetooth and GPS data, Aarogya Setu app lets users know if there are any coronavirus cases in their vicinity, or if they have come in contact with a COVID-19 positive person.

Mukesh Ambani has been on the mission to cut Reliance’s USD 21.4 billion net debt.

In the past three years Reliance has spent USD 3 billion to acquire technology startups to strengthen its position in India’s growing e-commerce space.

This comes barely 10 days after social networking giant Facebook brought a 9.99% stake in Jio Platforms.

Facebook bought a 9.99% stake in Reliance’s Jio Platforms for USD 5.7 billion.

India saw a 190% hike in app downloads last year as compared to 2016.