Tag - General Atlantic

Ex-Mastercard CEO Ajay Banga joins General Atlantic


New York: General Atlantic, a leading global growth equity firm, announced Dec. 1 that former Mastercard CEO Ajay Banga has joined the firm as vice chairman. In this role, the Indian American executive will advise on strategic matters for the firm, its investment teams and its portfolio of more than 165 growth companies around the...

Byju’s buys US-based Epic for $500 mn, to invest $1 bn in US


Bengaluru: Leading online learning platform Byju's has acquired Epic, the world's leading digital reading platform for kids 12 and under, for $500 million. The big acquisition comes on the heels of it buying the Aakash Institute for nearly $1 billion earlier this year. The Epic deal was backed by General Atlantic, Sequoia Capital, the Chan-Zuckerberg...

ADIA to invest Rs 5,512 crore in Reliance Retail Ventures


New Delhi: Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced that a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest Rs 5,512.50 crore into RRVL, a subsidiary of Reliance Industries.   This investment values RRVL at a pre-money equity value of Rs 4.285 lakh crore. ADIA's investment will translate into a...

JIo

Another investment in Jio, now ADIA to put in Rs 5,683 crore


Mumbai: In yet another major investment into Jio Platforms, Reliance Industries Ltd (RIL) has announced an investment of Rs 5,683.50 crore by a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA). This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore....