Jio Platforms gets one more big-ticket investor Vista

Close on the heels of social media giant Facebook and private equity firm Silver Lake betting big on Indian telecom behemoth Jio Platforms, another private equity firm Vista Equity Partners will invest $ 1.5 billion (Rs. 11,367 crore) in it.

Jio Platforms has now raised $ 8 billion Rs 60,596.37 crore — amounting to a total of 13.4% stake — from leading technology investors in less than three weeks.

This investment by Vista values Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore. Vista’s investment will translate into a 2.32% equity stake in Jio Platforms on