After acquiring four Kalaari-backed startups, Reliance to invest $200 Mn in VC’s fund
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Mukesh Ambani-led digital business Jio Platform is looking to invest $200 Mn in the homegrown venture capital firm Kalaari Capital and pour more capital into Indian startups. The deal is expected to allow Reliance to get a deeper insight into the startup ecosystem and emerging sectors. Both Reliance and Kalaari have worked together in the past. Reliance has acquired four of Kalaari’s portfolio companies.