May 17, 2020 - Economy

General Atlantic invests $870 million into India's Jio Platforms

Photo: Himanshu Bhatt/NurPhoto via Getty Images

Jio Platforms, a telecom subsidiary of India's Reliance system, has raised about $870 million from private equity firm General Atlantic at a valuation of $65 billion.

Why it matters: In less than a month, the company has raised nearly $9 billion from Facebook, Silver Lake, Vista Equity Partners, and now General Atlantic.

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