At first glance it has announced that they have received $ 200 million (around Rs 1500 Crore) from the Reliance Jio platform in the D.
Series D.
Company round the company has mentioned that the transaction is subject to satisfaction of custom closure conditions and regulatory approval.
The investment proposed by Jio aims to accelerate the launch of a glance in several major international markets outside Asia such as the United States, Brazil, Mexico and Russia.
The company claims that they aim to create direct content and the world’s largest trade ecosystem on the lock screen and will use funds raised to develop globally.
In addition to the Jio platform, at a glance supported by technology giant technology and Silicon Valley Mithril-based venture funds.
Along with the proposed investment, at a glance also signed a business partnership setting with Reliance Retail, providing a ‘lock screen platform’ at a glance to be integrated into the next Jiophone smartphone.
At present, the Glance lock screen platform is present at more than 400 million devices in all markets in Asia.
Recently, Reliance Jio has also announced that he invested $ 15 million (around 112 crores) Silicon Valley based Startup Tech, two platforms, for 25% of equity shares.
For those who do not know, two are artificial reality companies (AR) founded by Pranav Mistry with the aim of building an intelligence intelligence experience of interactive intelligence (AI).
Before this, Pranav has also worked with smart gadgets such as the Samsung Galaxy Gear and Sixthsense.
This investment is Jio’s efforts to enter metaverse.
Reliance Jio Invest Rs 1500 Crore Overview: These are the company’s company to do and more
