Tag: general atlantic
India’s Reliance Jio Platforms to sell $750 million stake to Abu Dhabi Investment Authority
Mukesh Ambani has courted the seventh major investor for his telecommunications business in just as many weeks. On Sunday, Reliance Jio Platforms said it will sell a stake of 1.16% for $750 million to Abu Dhabi Investment Authority (ADIA), continuing its eye-catching run of investments at the height of a…
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Google and Microsoft reportedly considering stakes in telecom firms in India after Facebook deal
Weeks after Facebook acquired a 9.9% stake in India’s Reliance Jio Platforms, two more American firms are reportedly interested in the Indian telecom market. Google is considering buying a stake of about 5% in Vodafone Idea, the second largest telecom operator in India, according to Financial Times. Separately, Microsoft is…
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KKR to invest $1.5 billion in India’s Reliance Jio Platforms
Mukesh Ambani’s Reliance Jio Platforms has agreed to sell 2.32% stake to U.S. equity firm KKR in what is the fifth major investment in the top Indian telecom firm in just as many weeks. On Friday, KKR announced it will invest $1.5 billion in the Indian top telecom operator, a…
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General Atlantic to invest $870M in India’s Reliance Jio Platforms
Mukesh Ambani’s Jio Platforms has agreed to sell 1.34% stake to General Atlantic, the latest in a series of deals the top Indian telecom operator has secured in recent weeks. On Sunday, New York-headquartered private equity firm General Atlantic said it would invest $869.8 million in the Indian telecom operator,…
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Indian education startup Byju’s is fundraising at a $10B valuation
Byju’s, an education learning startup in India that has seen a surge in its popularity in recent weeks amid the coronavirus outbreak, is in talks to raise as much as $400 million at a $10 billion valuation, said three people familiar with the matter. The additional capital would be part…
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Understanding Duolingo’s quiet $10M raise
Earlier this month, edtech unicorn Duolingo raised $10 million in new venture capital from General Atlantic, per an SEC filing. With the raise, the online language learning platform accepted its first outside investor in almost three years. General Atlantic will take a board seat at the company, per Duolingo. The…
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