18 May 2020 Net D:E RIL has announced that General Atlantic would invest INR66b in Jio Platforms for 1.34% equity stake at post-money equity value of INR4.91t and at enterprise value of INR5.2t. Jio Platforms valuation in this deal is in line with the previous two deals Silver Lake and Vista Equity Partners (INR4.9t post-money equity) and is at 12.7% premium to the FB deal (INR4.4t). This is the fourth high profile investment in RIL in less than four weeks, during which the company has raised INR672b for 14.8% equity stake. The fourth high profile investment in Jio Platforms (in less than four weeks) reaffirms the global demand for the company and provides a huge thumbs up for its valuation. The company has a 40-year track record of investing in the technology, consumer, financial services and healthcare sectors. General Atlantic has investments in companies such as Airbnb, Alibaba, Ant Financial Box, Facebook, Uber and other global technology players.