Reliance Industries announced that Silver lake will invest an additional Rs 1,875 Cr in its retail arm – Reliance Retail Ventures Limited. This brings the aggregate investment by Silver Lake and its co-investors in RRVL to Rs 9,375 Cr, which will translate into a 2.13% equity stake on a fully diluted basis. Reliance Retail now values at a pre-money equity value of Rs 4.285 L Cr. The transaction is subject to regulatory and other customary approvals.
BYJU’S has added three new US investors – BlackRock, Sands Capital, Alkeon Capital – to its long list of backers as it continues to raise gobs of cash amid a boom in e-learning. This investment is part of an ongoing funding round announced earlier this month. BYJU’S valuation has jumped to $11.1B, up from $10.8B, after its latest $500M fund-raise from Silver Lake. It will utilise fresh investments for organic growth and enter lucrative markets such as the US.
Global investment firm KKR will invest Rs 5,500 Cr into Reliance Retail that translates into 1.28% equity stake. KKR’s cheque values Reliance Retail at a pre-money equity value of Rs 4.21 L Cr. Private equity giant Silver Lake Partners was the first to invest Rs 7,500 Cr in Reliance Retail for 1.75% stake. With two cheques in two weeks, Ambani’s retail business has raised a total of Rs 13,050 Cr.
Reliance has offered 40% stake of its retail arm to Amazon for $20 bn, as per the media reports. The deal, in case it happens, would be the biggest M&A activity in India. It would also start a triangular fight in the e-commerce space having Amazon-Reliance, Walmart-Flipkart and rest of e-commerce players. US private equity major Silver Lake, on Wednesday, picked up 1.75% in Reliance Retail Ventures for Rs 7,500 cr, valuing the company at Rs 4.21 lakh crore.
Reliance Industries announced that Silver Lake will invest Rs 7,500 cr into Reliance Retail Ventures Limited – a Reliance Industries subsidiary. This investment values RRVL at a pre-money equity value of Rs 4.21 L cr and will translate into a 1.75% equity stake on a fully diluted basis. This marks the second billion-dollar investment by Silver Lake in a Reliance Industries subsidiary after Rs 10,200 crore investment in Jio Platforms, announced earlier this year.
Ed-tech start-up BYJU’S has raised $500M in a fresh round of funding from Silver Lake. The round also saw participation from existing investors including Tiger Global, General Atlantic and Owl Ventures. The new round values BYJU’S at $10.8B, up from its last valuation of $10.5B. Media reports state that there are more new international investors who are expected to fund BYJU’S in the next few quarters.
Silver Lake, a private equity firm, will invest ₹ 5,655.75 cr into RIL’s Jio Platforms for 1.15% stake. Last week RIL announced a ₹43,574 cr deal with FB. The new investment will take Jio Platforms equity valuation to ₹ 4.90 lakh cr and enterprise valuation to ₹ 5.15 lakh cr. The Silver Lake deal represents a 12.5% premium to the equity valuation of FB’s investment. Its other investments include Airbnb, Alibaba, Ant Financial, Dell Technologies, Twitter.