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Synopsis
Jio Platforms’ investment in Vani Kola’s Kalaari Capital will give Reliance Industries an early line of sight into startups and upcoming sectors.
ETtech
Reliance Industries has closed a $100-million fund infusion into Kalaari Capital, with an additional commitment of $100 million slated for later. (Illustration: Rahul Awasthi/ETtech)
Mumbai | Bengaluru:
Reliance Industries’ Jio Platforms is finalising an investment of up to $200 million in domestic venture capital fund Kalaari Capital, according to two people in the know of the matter.
The Mukesh Ambani-led conglomerate has closed a $100-million infusion, with an additional commitment of $100 million slated for later, said another person aware of the group s plans to deepen its footprint in India’s burgeoning technology sector. ....

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