Jio Platforms to raise Rs. 4546.80 Crore from TPG, Rs. 1894.50 Crore from L Catterton

Reliance Jio has announced that TPG, a global alternative asset
firm, will invest Rs. 4546.80 crore in Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore. TPG’s investment will translate into a 0.93% equity stake in Jio Platforms on a fully diluted basis. Jio also said that L Catterton, one of the world’s largest consumer focused private equity firms will invest Rs. 1,894.50 crore in Jio Platforms, for 0.39% equity stake s on a fully diluted basis. Continue reading “Jio Platforms to raise Rs. 4546.80 Crore from TPG, Rs. 1894.50 Crore from L Catterton”

Reliance Jio offers 1 year free Amazon Prime membership for select Jio Fiber plans

After it was accidentally revealed, Reliance Jio today officially announced that it is offering its Jio Fiber customers free one year Amazon Prime membership, worth Rs. 999 that includes unlimited access to Amazon Prime Video, as part of their plan benefits at no additional cost. The offer is available for both the existing or new Jio Fiber users with Gold (Rs. 1299) or above plan. Continue reading “Reliance Jio offers 1 year free Amazon Prime membership for select Jio Fiber plans”

ADIA to invest 5683.50 crore in Jio Platforms for 1.16% stake

Reliance Industries today announced that Abu Dhabi Investment Authority (“ADIA”), globally-diversified investment institution will invest Rs. 5,683.50 crore in Jio Platforms. This investment values Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore. ADIA ’s investment will translate into a 1.16% equity stake in Jio Platforms on a fully diluted basis. Continue reading “ADIA to invest 5683.50 crore in Jio Platforms for 1.16% stake”

Jio launches Rs. 401 plan with 90GB data and 1 year Disney+ Hotstar VIP subscription

After teasers, Reliance Jio has launched Rs. 401 plan that offers a 1-year Disney+ Hotstar VIP subscription in addition to 90GB (3GB per day + 6GB) of data, unlimited voice calling (Jio to Jio Unlimited, Jio to Non-Jio FUP of 1000 minutes), SMS (100 / day) and access to Jio apps with a validity of 28 days. The standalone Disney+ Hotstar VIP subscription costs Rs. 399 for 1 Year. To continue getting Disney+ Hotstar VIP subscription benefits for 1 year, user needs to continuously to be on any active plan. Airtel launched a similar bundled offer back in April, but that offers 3GB of data. Continue reading “Jio launches Rs. 401 plan with 90GB data and 1 year Disney+ Hotstar VIP subscription”

Jio Platforms to raise Rs. 9093.60 Crore from Mubadala, additional Rs. 4546.80 crore from Silver Lake and co-investors

Reliance Jio has announced that Mubadala, a leading Abu Dhabi-based sovereign investor, will invest Rs. 9,093.60 crore in Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh
crore. Mubadala’s investment will translate into a 1.85% equity stake in Jio Platforms on a fully diluted basis. Continue reading “Jio Platforms to raise Rs. 9093.60 Crore from Mubadala, additional Rs. 4546.80 crore from Silver Lake and co-investors”

Reliance Jio might offer 1 year free Amazon Prime membership for Jio Fiber users soon

Reliance Jio might be offering its Jio Fiber customers free one year Amazon Prime membership, worth Rs. 999 that includes unlimited access to Amazon Prime Video, as part of their plan benefits at no additional cost. The offer that appeared on MyJio app also mentions that this is a one time offer.

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JioMart online grocery service goes live in 200 towns across India

Earlier this year, Reliance Industries’s Reliance Retail announced JioMart, a web portal to buy food and groceries online in an attempt to take on BigBasket, Flipkart, Amazon India, and more. Initially, the online grocery service was launched in Navi Mumbai, Thane, and Kalyan as a part of the pilot programme. Continue reading “JioMart online grocery service goes live in 200 towns across India”

KKR to invest Rs. 11,367 Crore in Jio Platforms for 2.32% stake

Reliance Jio today announced that KKR a leading global investment firm will invest Rs. 11,367 crore in Jio Platforms. This investment values Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore. KKR’s investment will translate into a 2.32% equity stake in Jio Platforms on a fully diluted basis. Continue reading “KKR to invest Rs. 11,367 Crore in Jio Platforms for 2.32% stake”

General Atlantic to Invest Rs. 6,598.38 Crore in Jio Platforms

Reliance Jio today announced that General Atlantic, a leading global growth equity firm will invest Rs. 6,598.38 crore in Jio Platforms. This investment values Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore. General Atlantic’s investment will translate into a 1.34% equity stake in Jio Platforms on a fully diluted basis. Continue reading “General Atlantic to Invest Rs. 6,598.38 Crore in Jio Platforms”

Jio launches new Rs. 999 pre-paid plan with 3GB data per day, 84 days validity

Last week Reliance Jio launched a new Rs. 2399 yearly plan with 2GB data per day and new Work from Home add-on data packs. Today it has launched a new Rs. 999 plan with 3GB per data day and 84 days validity, which it calls Work-from-Home plan. Continue reading “Jio launches new Rs. 999 pre-paid plan with 3GB data per day, 84 days validity”

Jio launches new annual plan with 2GB/day data at Rs. 2399 and Work from Home add-on data packs starting from Rs. 151

Reliance Jio offered double data vouchers, free daily data owing to the ongoing nationwide lockdown and on similar lines, now the company has launched a new work from home annual plan and new add-on data packs. This new annual plan offers 33% more benefit compared to the existing annual plan.

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Silver Lake to invest 5,655 crore in Jio Platforms

After last month’s announcement from Facebook that said that it will buy 9.99% equity stake in Jio Platforms for $5.7 billion or INR 43,574 crore, today private equity firm Silver Lake has announced that it will invest Rs. 5,655.75 crore / US$ 747 million into Jio Platforms for 1.15% stake. This investment values Jio Platforms at an equity value of ₹ 4.90 lakh crore / US$65 billion and an enterprise value of ₹ 5.15 lakh crore and represents a 12.5% premium to the equity valuation of the Facebook investment announced on April 22, 2020. Continue reading “Silver Lake to invest 5,655 crore in Jio Platforms”

JioMeet video conferencing app to launch soon

The usage of video conferencing apps have increased lately with people staying at homes and these business apps crossed 62 million downloads last month. Reliance Jio’s ‘Jio Meet’ is the newest entrant in this segment and is set to take on popular video conferencing apps like Zoom, Google Meet, Microsoft Teams, and more.

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Reliance Jio reports Rs. 2331 crore profit, up 177.5% YoY in FY Q4 2019-20

Reliance Jio has reported Rs. 14,835 crore revenue, up 6.2% QoQ and 26.6% YoY and a net profit of 2,331  crore, up 177.5% YoY for last quarter that ended 31st March 2020. Jio reported Standalone earnings before interest, tax, depreciation and amortisation (EBITDA) of 6,201 crore, up 10.7% QoQ, EBITDA margin of 41.8%, and Standalone earnings before interest and tax (EBIT) of 4,033 crore, up 6.0% QoQ . Consolidated value of services stood at 17,454 crore, up 6.0% over trailing quarter. It has 388 million subscribers as of 31st March 2020, with addition of 24 million during 4QFY20. Continue reading “Reliance Jio reports Rs. 2331 crore profit, up 177.5% YoY in FY Q4 2019-20”

Reliance Jio crediting 2GB per day for 4 days for free

The usage of mobile data has increased lately with people working from home and as a part of a special offer, Reliance Jio credited 2GB daily data free for its users last month. Similarly, the company is now crediting 2GB of daily data to users randomly under ‘Jio Data Pack’ offer.

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