Strategic equity investment · Enterprise software
Facebook agreed ₹43,574 crore investment in Jio Platforms in April 2020
The strategic equity agreement represented a 9.99% stake in Jio Platforms on a fully diluted basis.
A strategic investment in digital services
Reliance Industries and Jio Platforms announced binding agreements with Facebook on April 22, 2020 for an investment of ₹43,574 crore. The transaction represented a 9.99% stake in Jio Platforms on a fully diluted basis.
The investment accompanied a commercial partnership involving Jio Platforms, Reliance Retail and WhatsApp. It was aimed at connecting small businesses and consumers through digital commerce.
Facebook subsequently became Meta. This transaction was separate from Google’s later investment in Jio Platforms and from the company’s 2026 IPO.
Funding history
Strategic equity investment · This round₹435.7B