1. This is an unprecedented TWELFTH investment in Jio Platforms within eleven weeks (since 22nd April, 2020).
2. The investment is ₹ 1894.50 crore for a 0.39 % stake in Jio Platforms. Intel is one of the pioneering companies in the technology space and is admired and respected for its innovation.
3. With this investment, Jio Platforms has raised ₹ 117,588.45 crore from leading technology investors including Facebook, Silver Lake Partners (two investments), Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, PIF and Intel. At ₹ 117,588.45 crore, it is the largest continuous funds raise by a company anywhere in the world. It is remarkable that this was done amidst a global lock-down, clearly signifying India’s digital potential and Jio’s business strategy.
4. Intel’s investment is at a similar valuation to the other recent investments in Jio – equity valuation of ₹ 4.91 Lakh crore and enterprise valuation of ₹ 5.16 Lakh crore
5. This investment is another strong endorsement of Jio’s tech capabilities, disruptive business model and secular long-term growth potential
6. This investment further reaffirms Jio’s continuing attraction among global investors for:
a) being the best representative of India’s digital potential
b) deep understanding of the Indian markets,
c) the rapid digitisation opportunity post-covid and
d) capabilities to bring cutting-edge technologies and tools such as AI, Blockchain, AR/VR, Big data into play for all Indians
7. Intel Capital invests globally in innovative companies with a focus on disruptive technology areas like cloud computing, artificial intelligence and 5G – opportunities where Jio is also innovating and investing for growth.
8. Intel Capital is the investment arm of Intel Corporation, a leader in the semiconductor industry, shaping the data-centric future with computing and communications technology that is the foundation of global innovations. Intel has operated in India for more than two decades and today employs thousands of employees there with state-of-the-art design facilities in Bengaluru and Hyderabad.
9. Intel Capital invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter and cloud, 5G, next-generation compute and a wide range of other disruptive technologies. Since 1991, Intel Capital has invested US$12.9 billion in more than 1,582 companies worldwide, and 692 portfolio companies have gone public or participated in a merger. Intel Capital curates thousands of business development introductions each year between its portfolio companies and the Global 2000.