Google May Invest $ 4 Billion In Jio Platforms

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Google can invest $ 4 billion i.e. about 30 thousand crore rupees in Jio Platforms, the digital arm of Reliance Industries.

Google can invest $ 4 billion i.e. about 30 thousand crore rupees in Jio Platforms, the digital arm of Reliance Industries. According to a Bloomberg report, the investment talks between Google and Reliance are in the next phase. If the news is true, Google will become the second largest investor in Jio after Facebook. Earlier, Facebook has bought 9.99% stake in Jio with an investment of Rs 44 thousand crore. On this basis, if Google invests $ 4 billion, then it can get a stake in Jio between 6.5 percent and 7 percent.

On Monday, Google CEO Sundar Pichai announced a massive investment of $ 10 billion in India over the next 5 to 7 years. According to him, these investments will be made through stake purchase in large companies, start ups and partnership businesses. Along with this, he said that the company will also spend on digital infrastructure.

Foreign investors are continuously investing in Jio. Jio has raised $ 15 billion from investors since March. In the last one week, Jio has got 2 investors. Qualcomm Ventures, the investment arm of Qualcomm Incorporated, has announced an investment of Rs 730 crore in Jio for a 0.15 per cent stake. At the same time, Intel Capital has announced to take a 0.39% stake in jio Platforms with an investment of Rs 1894.5 crore. The company is a unit of the tech company Intel. So far, more than 12 investors have joined Jio in the purchase of shares starting from April. During this period, Jio has received more than Rs 1.15 lakh crore from investors. Out of this, 4 investors have also completed their deal with Facebook.

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