Mukesh Ambani’s Jio Platforms to raise Rs. 730 Cr from Qualcomm Ventures
Reliance Jio has declared that Qualcomm Ventures, the speculation arm of Qualcomm Incorporated will contribute Rs. 730 crore in Jio Platforms at a value estimation of Rs. 4.91 lakh crore and a venture estimation of Rs. 5.16 lakh crore. The venture will convert into a 0.15% value stake in Jio Platforms on a completely weakened premise.
As the funding speculation gathering of Qualcomm Incorporated, a world head in cutting edge remote advancements, Qualcomm Ventures, through associated elements, including Qualcomm Ventures LLC, has been making interests in innovation organizations that can possibly significantly change our reality since 2000.
Qualcomm Ventures has 140+ dynamic portfolio organizations. Putting resources into new companies focusing on the remote biological system, the gathering centers around interests in the areas of car, server farm and undertaking, advanced wellbeing, Internet of Things (IoT), and portable.
In India, Qualcomm Ventures has put resources into organizations that address key residential issues from Dairy, Transportation to Defense, and fabricate world-class items for India and the world market.
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