PRE-EMINENT
SOFTWARE AND TECHNOLOGY INVESTOR PARTNERS WITH JIO PLATFORMS TO HELP FULFIL
JIO’S VISION OF ENABLING A DIGITAL INDIA
Reliance Industries Limited (“Reliance Industries”) and Jio Platforms Limited
(“Jio Platforms”) announced today that Vista Equity Partners (“Vista ”) will invest ₹ 11,367 crore into Jio
Platforms. This investment values Jio Platforms at an equity value of
₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore.
Vista’s investment will translate into a 2.32% equity stake in Jio Platforms on
a fully diluted basis, making Vista the
largest investor in Jio Platforms behind Reliance Industries and Facebook. Jio Platforms
has now raised ₹ 60,596.37 crore from leading technology investors in less
than three weeks.
Jio Platforms, a
wholly-owned subsidiary of Reliance Industries Limited, is a next-generation
technology company building a Digital Society for India
by bringing together Jio’s leading digital apps, digital ecosystems and India ’s #1 high
speed connectivity platform under one umbrella. Reliance Jio Infocomm Limited,
which provides connectivity platform to over 388 million subscribers, will
continue to be a wholly-owned subsidiary of Jio Platforms.
Jio’s vision is to
enable a Digital India for 1.3 billion people and businesses throughout India,
especially small merchants, micro-businesses and farmers. Jio has brought
transformational changes in the Indian digital services space and propelled India on the
path towards becoming a global technology leader and among the leading digital
economies in the world.
Vista is a leading
global investment firm focused on empowering and growing enterprise software,
data and technology enabled companies that are reinventing industries and
catalyzing change. Vista has more than $57
billion in cumulative capital commitments and its global network of companies
collectively represent the 5th largest enterprise software company
in the world. With 20 years of investing experience exclusively in enterprise
software, Vista believes the transformative power of technology is the key to
an even better future — a healthier planet, a smarter economy, a diverse and
inclusive community, and a broader path to prosperity. Currently, Vista
portfolio companies have a significant presence in India with over 13,000 employees.
This investment by Vista, which exclusively focuses on
enterprise software, data and technology enabled companies, is further
testament to the world-class digital platform that Jio has built, powered by
leading technologies, such as Broadband connectivity, Smart Devices, Cloud and
Edge Computing, Big Data Analytics, Artificial Intelligence, Internet of
Things, Augmented and Mixed Reality and Blockchain.
Commenting on the
transaction with Vista, Mr. Mukesh Ambani, Chairman and Managing Director,
Reliance Industries Ltd, said, “I am delighted to welcome Vista ,
one of the world’s marquee tech investors globally as a valued partner. Like
our other partners, Vista also shares with us
the same vision of continuing to grow and transform the Indian digital
ecosystem for the benefit of all Indians. They believe in the transformative
power of technology to be the key to an even better future for everyone. In
Robert and Brian, whose family hails from Gujarat, I found two outstanding
global technology leaders who believe in India and the transformative
potential of a Digital Indian Society. We are excited to leverage the
professional expertise and multi-level support that Vista
has been offering to its investments globally for the benefit of Jio.”
Commenting on the investment, Robert F. Smith, Founder,
Chairman and CEO of Vista, said, “We believe in the potential of the
Digital Society that Jio is building for India . Mukesh’s vision as a
global pioneer, alongside Jio’s world-class leadership team, have built a
platform to scale and advance the data revolution it started. We are thrilled
to join Jio Platforms to deliver exponential growth in connectivity across
India ,
providing modern consumer, small business and enterprise software to fuel the
future of one of the world’s fastest growing digital economies.”