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Intel Capital to invest $250 million in Jio Platforms

The Robert Noyce Building in Santa Clara, California, is the world headquarters for Intel Corporation. This photo is from Jan. 23, 2019. (Credit: Walden Kirsch/Intel Corporation)

Intel Capital will invest ₹1,894.50 crore (US$250 million) in Jio Platforms, Reliance announced Friday morning. The company is the chipmaker Intel's investment arm. The investment will give Intel Capital a 0.39% equity stake. This takes the total investment amount that Jio Platforms has received over the last months, starting with Facebook, to ₹117,588.45 crore (US$15.74 billion). On June 25, the Competition Commission of India approved Facebook's US$5.7 billion (Rs 43,574 crore) investment in Jio Platforms to pick up a 9.99% stake. These are now all of Jio Platforms’s investors: Investor [Stake%] Amount (₹) Facebook [9.9%] 43,574 crore (US$5.7 billion) Silver Lake (1, 2) [2.08%] 10,202.55 crore (US$1.34 billion) Vista [2.32%] 11,367 crore (US$1.5 billion) General Atlantic [1.34%] 6,598.38 crore (US$870 million) KKR & Co. Ltd. [2.32%] 11,367 crore (US$1.5 billion) Mubadala [1.85%] 9,093.60 crore (US$1.2 billion) Abu Dhabi Investment Authority [1.16%] 5,683 crore (US$747 million) TPG Capital [0.93%] 4,546.80 crore (US$600 million) L Catterton [0.39%] 1,894.50 crore (US$250 million) Public Investment Fund [2.32%] 11,367 crore (US$1.5 billion) Intel Capital [0.39%] 1,894.50 crore (US$250 million)   Intel Capital now accounts for 1.6% of external investment into Jio Platforms: In its earnings call for Q4FY20 on April 30, RIL had said that investments similar to size in Facebook were going to follow in the coming months. A key part of Jio Platforms, in addition to the Jio network, is JioMart, the grocery home delivery service that will be closely integrated with Facebook’s WhatsApp, which 400 million people have installed in India. Increased focus on telecom and B2C: Reliance is preparing to sell off a significant oil and petrochemicals…

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