- Apart from being the world’s fifth richest person,
Mukesh Ambani has so far sealed over $20 billion in investments forJio Platforms and over $2 billion forReliance Retail . - While India has seen $26.8 billion in PE and VC investments so far, $12.1 billion has gone to Reliance alone.
- VC investments even though have been quite active this year, the total has fallen by 18% in value and 26% in volume as compared to previous year.
In 2020, private equity (PE) and venture capital (VC) investment is clearly dominated by Reliance. According to a report by Venture Intelligence, the Reliance deals account for 45% of all PE-VC deals so far this year.
And while India has seen $26.8 billion in investments so far, $12.1 billion has gone to Reliance alone. It doesn’t even include the $10.2 billion Ambani received from tech giants
Reliance Retail investments so far
Reliance Jio total investments
It is also worthy to note that Mukesh Ambani isn’t done yet with raising the moolah. Reliance Retail and its fibre InvIT are set to raise more funds.
VC investments fall in 2020
Though Reliance deals have garnered a major share, the overall venture capital investment picture remains tepid. Total investments have fallen by 18% in value and 26% in volume as compared to the previous year.
Some of the big-ticket investments by startups include Zomato’s $250 million investment, Dream11’s $225 million, BYJU’s over $1 billion investments from PE and VC firms, among others.
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