- Qualcomm Ventures announces Rs 730 crore investment in Jio Platforms for 0.15% equity
- 25.2% equity has been invested in Reliance Jio Platforms through 13 investments in 12 weeks
- new Delhi.Mukesh Ambani (JK Platform Investment) continues to invest in Jio Platforms. On Sunday, Qualcomm Ventures, a subsidiary of American Qualcomm Incorporated, announced an investment of Rs 730 crore in Jio Platforms for 0.15 per cent equity. 1,18,318.45 lakh crore has been invested for 25.2% equity in Jio platforms through 13 investments in 12 weeks. Qualcomm is known worldwide for its superior wireless technology. The equity value of Jio Platforms (Jio Platforms Equity Value) was Rs 4.91 lakh crore and Enterprise Value was Rs 5.16 lakh crore. Let us know that the investment in Jio Platforms started from Facebook on April 22, followed by Silver Lake, Vista Equity, General Atlantic, KKR, Mubadla and Silver Lake made additional investments. The investment was also announced later by the Abu Dhabi Investment Authority (ADIA), TPG, El Catterton, PIF and Intel.Know about
Qualcomm Company Qualcomm is the world’s leading wireless technology innovator and works for the development, launch and expansion of 5G. Qualcomm has spent more than $ 62 billion so far on research and development. In the last 35 years, Qualcomm has more than 140,000 innovations including patents and patent applications. Qualcomm has reiterated its commitment to promote innovation and advance Indian technology. Qualcomm Ventures is a global fund that invests in wireless ecosystems in areas such as 5G, AI, IoT, automotive, networking and enterprise. - Also Read: 25% increase in price of cable and screen guard from mobile charger, know the reason behind it
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Mukesh Ambani, Chairman and Managing Director of Reliance Industries , possessing deep technical knowledge with Qualcomm said, “Today I am happy to welcome Qualcomm Ventures as an investor in the Jio platform.” Qualcomm has been an important partner for many years and we have a shared vision of building a strong and secure wireless and digital network and expanding the benefits of digital connectivity to everyone in India. Qualcomm has deep technology knowledge in the field of wireless technologies and will help us in 5G technology and digital transformation of India.
To promote India’s digital economy, Taisar
Qualcomm Incorporated CEO Steve Mollenkauf praised Jio, saying that Jio Platforms has led the digital revolution in India through its comprehensive digital and technological capabilities. With long experience of working in India and as an investor, we look forward to playing a role in Jio’s vision to move India’s digital economy forward.
