May 18 - 11:05
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General Atlantic pumps $870 million into Jio Platforms
General Atlantic has followed Facebook in making a significant bet on Indian telco Jio Platforms. It has invested $870 million at a valuation of $65 billion, meaning it has taken a 1.34% equity stake. In April Facebook ploughed $5.7 billion into Jio, which has now raised $8.85 billion in the last month alone. “General Atlantic shares our vision of a Digital Society for India," said a spokesperson.
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