Technology
Ambani’s Jio Adds Qualcomm to Backers for Digital Services Push

(Bloomberg) — A Qualcomm Inc. arm will plow as much as 7.3 billion rupees ($97.1 million) into billionaire Mukesh Ambani’s technology venture, taking total investments led by Facebook Inc. and others in Jio Platforms Ltd. to about $15.6 billion since April.
Qualcomm Ventures, which has committed the amount for a 0.15% stake, will support the introduction of 5G wireless networks in India, Jio’s parent Reliance Industries Ltd. said in a July 12 statement. The deal gives Jio an equity value of about $65 billion.
San Diego-based Qualcomm, the biggest maker of chips that power smartphones, will help Jio deliver on the “digital transformation of India,” Ambani said in the statement. Top private equity investors and sovereign wealth funds have also piled into Jio in bets that its 388 million wireless phone subscribers put it in place to lead as services like digital payments, grocery delivery and streaming entertainment expand across India’s population of 1.3 billion.
Here’s a list of investors in Jio Platforms:
Buyer | Amount | Stake | Date | ||
---|---|---|---|---|---|
Qualcomm | up to $97 million | 0.15% | July 12 | ||
Intel | $253 million | 0.39% | July 3 | ||
PIF | $1.5 billion | 2.32% | June 18 | ||
L Catterton | $252 million | 0.39% | June 13 | ||
TPG Capital |
|
|
June 13 | ||
Adia | $752 million | 1.16% | June 7 | ||
Mubadala | $1.2 billion | 1.85% | June 5 | ||
KKR | $1.5 billion | 2.32% | May 22 | ||
General Atlantic | $873 million | 1.34% | May 17 | ||
Vista | $1.5 billion | 2.32% | May 8 | ||
Silver Lake | $1.35 billion | 2.08% | May 4, June 5 | ||
$5.7 billion | 9.99% | April 22 |
-
Banking & Finance1 month ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
Bahrain1 month ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
-
Banking & Finance2 months ago
Central Bank of Oman Issues Regulatory Framework for Digital Banks
-
Banking & Finance4 weeks ago
National Finance Reinforces Position as Partner for Growth, Offers a Comprehensive Product Suite to Support Customer Ambitions
-
Energy1 month ago
Russian Energy Week from October 15-17, 2025 offers alternative formats of cooperation
-
OER Magazines1 month ago
OER, June 25
-
Banking & Finance2 months ago
The Future of the International Financial System to be discussed at SPIEF 2025
-
Retail1 month ago
All services are moving toward personalisation says Tatyana Kim, Founder of Wildberries and Head of RWB