KKR looks to join Jio fundraiser with up to $1 billion investment

By Arijit Barman, ET Bureau | Updated May 21, 2020, 10.05AM IST

Mumbai: KKR and Co is in active discussions to invest in Reliance Industries’ Jio Platforms, seeking to join peers and technology-focused investors like Silver Lake, Vista Partners and General Atlantic and back the telecom-technology-commerce triple play that Mukesh Ambani is aiming for, said people in the know. KKR has been carrying out diligence for a while now and is

over the last 6-12 months, consistently talked about creating a digital platform, eyeing the sky-high valuations of Silicon Valley giants. Alphabet with $132 billion revenues trade at 11.7 times EV/equity on the back of calendar year 21 estimates. Another technology giant Tencent’s valuations are estimated at 17.8 times while Facebook with $70 billion revenues trades at 11.5 times multiples.

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