Reliance's Jio invests $200M in Kalaari Capital fund
February 24, 2021
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Indian VC investor Kalaari Capital has raised $200 million from Jio Platforms, the tech subsidiary of Reliance Industries, according to reports. Reliance previously acquired Kalaari portfolio companies including Embibe, Haptik and Urban Ladder. Jio reportedly raised more than $10 billion last year from Facebook, Alphabet, Mubadala, Silver Lake and others.