Amount$5.7B
Post-money valuation$66B
SeriesStrategic Investment (Jio Platforms)
AnnouncedApr 22, 2020
SectorTelecommunications
Sub-sectorAI Infrastructure
RegionIndia
Solid
A solid round with healthy fundamentals.
Round size vs peers
In line with the typical Strategic Investment (Jio Platforms) round.
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
Mostly newer or unproven managers.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Telecommunications (34)
Round size in sector97th pct
$10Mthis round: $5.7B$1.9B
