INDUSTRY NEWS

RIL Group deals account for 45% of $26.3 bn PE-VC investments

The $12.1 billion invested by global private equity and sovereign wealth funds in Reliance Industries’ Jio Platforms ($ 9.9 billion) and Reliance Retail ($ 2.3 billion) accounted for 45 per cent of the total PE-VC investment value in 2020, according to data from Venture Intelligence, a research service focused on private company financials, transactions and their valuations.

This figure excludes the $10.2 billion in strategic investments by Silicon Valley tech giants Google and Facebook.

The Reliance deals have managed to arrest the overall decline in PE-VC investment figures in 2020 to a marginal two per cent, compared to $27.4 Billion (across 750 deals) in the first nine months of 2019.

Source
ET Energy World
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close