Reliance's mobile network spinoff has received more than $250m from the chipmaker’s corporate venturing vehicle at a valuation topping $63bn.
Intel Capital, the corporate venture capital arm of semiconductor producer Intel, has paid Rs 18.9bn ($253m) for a 0.4% stake in India-based telecommunications network operator Jio Platforms.
Diversified conglomerate Reliance Industries formed Jio Platforms in October 2019 to run the mobile network activities of the group’s telecoms unit, Jio Infocomm, which has more than 388 million 4G users.
Jio Platforms has raised roughly $15.7bn to date, with the latest deal coming in the wake of a number of other funding…
