Intel invests $250M in India’s Jio Platforms

It’s the latest high-profile investor to join the party

Image for post
Image for post
Image: iStock

Money Maker

Back in April, Jio Platforms, a four-year-old subsidiary of Reliance Industries, announced that it would be selling a 25 percent stake in its company. That move has proved to be a fruitful one. Since the announcement, Jio has raised more than $15.5 billion from a total of 12 investors-now including Intel. The Indian firm has a massive valuation of $65 billion.

Wealth of Services

Jio Platforms doesn’t just operate a telecom firm. It also offers a variety of digital apps and services which are available to Jio subscribers for free. They include things like JioSaavn, a music streaming service that has plans to go public sometime in the future.

Staff Writer @ The Burn-In | YA author | Professional Freelancer | GoT & LoTR geek | GIF enthusiast | Business inquiries to owner@codydeboswriting.com

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store