Jio Has Raised Nearly As Much Money In 6 Weeks As All Indian Startups Together Had Raised In 2019
Jio Platforms has now raised nearly as much money in the last 6 weeks as all Indian startups together did in 2019.
Jio Platforms today announced its sixth deal in six weeks, raising Rs.
In comparison, all of India’s startups together had raised $14.5 billion in 2019.
Also, Jio Platforms’ $65 billion net worth is around as much that of all India’s startup unicorns put together.
Also, like fledgling startups, Jio hasn’t been shy of acquiring other companies, having acquired majority stakes in startups like NowFloats, Haptik, and Fynd.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
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