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Reliance Jio raises INR 730 Cr from Qualcomm Ventures to boost 5G play

Shortpedia

Content Team

Reliance Industries Limited (RIL) and Reliance Jio Platforms has raised INR 730 Cr from California-based venture capital firm Qualcomm Ventures, the investment wing of Qualcomm, the world’s leading mobile chipset and modem maker. This is the 13th investment for Reliance Jio in the past three months. Qualcomm is investing in Jio Platforms at an equity value of INR 4.91 Lakh Cr and an enterprise value of INR 5.16 Lakh Cr.