May 9, 2020

Vista Venture Partners to invest $1.5B in Reliance Jio Networks for India

Vista Equity Partners, a private equity company, announced it would spend $1.5 billion in Reliance Jio Platforms on Friday, joining social conglomerate Twitter and private equity group Silver Lake, which has both taken bets on the Indian telecom giant in recent weeks.

The expected launch, which will give the U.S .- headquartered software-focused buyout company Vista Equity Partners a 2.32 percent interest in Reliance Jio Platforms, rates India’s largest telecom provider at $65 billion (equity valuation)—the same value indicated by the Silver Lake investment and a 12.5 percent premium on Facebook’s offer, the Indian company said.

Reliance Jio Platforms has revealed plans in the past three weeks to sell about 13.4 percent of the firm’s shares to Google, Silver Lake, and Vista Equity Partners for about $8bn.

Also Read: Owkin raises $25 Million as it Create a Stable Health Care Technology and Analysis Network

Reliance Jio Platforms, which began its commercial service in the second half of 2016, brought the local telecommunications sector to a halt by providing a range of 4 G services and voice calls at discounted rates. Jio Services, a subsidiary of Reliance Industries (India’s most valued firm by market value), has accrued 388 million subscribers since its launch to become the nation’s largest telecom operator.

jio

Reliance Industries said on Friday that it aims to make Jio Platforms, in which it has poured over $30 billion over the years, “a global technology leader and one of the world’s top digital businesses.” Vista, who is going ahead investing in software companies 20 years ago and cut controls on more than three dozen companies, said it would explore ways to expand the reach of its portfolio. Vista said some of its portfolio companies already have a significant presence in India, the world’s second-largest internet market.

The new pledge will help Ambani, India’s richest man; further reinforce his promise to investors last year when he said he planned to slash Reliance’s net debt by early 2021 from around $21 billion to nothing. During the coronavirus outbreak, its core business, oil refining, and petrochemicals were hit hard. Its net income fell by 37 percent in the quarter ended March 31.

In last month’s earnings call from the firm, Ambani said several companies had shown interest in buying stakes in Jio Platforms in the aftermath of the Facebook sale.

Conclusion:

Facebook said it will partner with the Indian giant on a variety of areas beginning with e-commerce rather than providing money to Jio Sites for a 9.99 percent stake in the venture. Days later, JioMart, an e-commerce venture run by India’s most valued company, started testing an “ordering system” on WhatsApp, India’s most popular smartphone app with over 400 million active users on the world’s second-largest internet market.

Disclaimer

Hire Our Development Experts.

About `Author`

Akansha Pandey, Director of Sales at Fluper, is a leader in technology sales with a decade of experience. Known for her strategic approach, she excels in driving business growth and forging strong client relationships. Akansha's expertise lies in consultative selling, team leadership, and exceeding revenue targets. Passionate about mentoring, she enjoys sharing insights with aspiring sales professionals.

Akansha Pandey

Our Blogs & Tech Events

Expanding Expertise via Global Mobile & `Technology Conference` Participation

We attend leading mobile technology events worldwide, exploring innovations, networking with experts, and showcasing our development expertise.

How Much Does It Cost To Develop An App In Abu Dhabi?

Mobile apps are vital for businesses in Abu Dhabi, helping customers shop, book services, pay, and connect easily via smartphones.

February 16, 2026
By : Fluper Team

Airbnb Clone App Development: Features, Cost & Tech Stack

The vacation rental business in the global world has transformed the way people travel, invest and earn.

February 20, 2026
By : Fluper Team

How to Build a Video Chat App Like Chamet in 2026

The live video chat industry is not slowing down. In reality, it is growing faster
than ever.

February 27, 2026
By : Fluper Team

Festival

Expansion

Interviews

Client's Testimonial

We’ve been lucky to collaborate and deliver transformation
with a long list of overseas clients.

We partnered with Fluper to upgrade the Talabat app, and the experience was excellent. Their team delivered strong technical expertise, clear communication, and timely execution. The updated app is faster, more stable, and provides a smoother user experience, boosting engagement and performance. Fluper is a reliable partner for digital growth.

Saeed Ahmad

Product & Delivery Ops, Talabat

Hello to all my lovely friends and the Fluper family. Wishing you a very happy anniversary! From the bottom of my heart, I wish you great success and a bright future ahead. It’s been a wonderful experience working with you and being treated like family. Keep up the amazing work. Congratulations once again! Your loyal customer.

Mohammed Zainab

Co- Founder, Foodora

We got in touch with Fluper to build an app for my taxi project. It was really tough to choose a perfect partner for my app; however, I found Fluper the best choice. From project coordinators to developers, everyone was so supportive. The team has even gave me a lot of feedback to improvise my idea. It was really great working with them.

Anthony Tan

Owner at Grab Taxi App

We connected with Fluper to design an app for Dubizzle, and choosing them proved to be a great decision. Their team demonstrated strong expertise, creativity, and professionalism throughout the process. They helped elevate our business to the next level with a well-designed, user-friendly app that perfectly matched our vision and goals.

Maria smith

Sales Marketing Manager at dubizzle

Our Global Presence

500+

Startups

300+

SMEs

200+

Enterprises

We Built

1000+

Brands Globally

30+

Countries Served

Office Address

Fluper is Not Only an Idea But
A Dream to Meet Business Needs

After launch, the solution drove significant revenue growth and positive customer feedback. Fluper’s commitment to quality, timely delivery, and competitive pricing made the partnership both successful and rewarding.

Robert Hug

Central Ops

Fluper’s deliverables drove a clear sales boost soon after launch. Their team was responsive, punctual, and proactive, providing valuable insights that strengthened the original specs and improved overall product quality.

Mohammed Zainab

Product Specialist

Fluper stands out as a leading web and mobile app development company. Their structured strategy, milestone-driven execution, and unwavering focus on quality made the collaboration highly productive and results-driven.

Karim Ahmed

Operationas Manager

Fluper’s app reached millions of downloads and earned excellent user feedback. They delivered high-quality results on time, welcomed input, and showed a cooperative, strategic, innovation-driven approach.

Sajid Mohammed

Operations Head

Fluper exceeded expectations with professionalism, adaptability, and technical excellence. They aligned with our vision, met performance goals, resolved issues swiftly, and delivered a highly functional, scalable app.

Ben Robertson

Biz Ops & Strategy

Fluper transformed our food delivery app vision into reality with seamless functionality and an intuitive design. Their team was professional, responsive, and delivered on time. Thanks to Fluper, our customer engagement.

Abdulla Ellyas

Ops & Delivery

Crafted for Growth

Our Global Clients

375+ Certified Developers!

Delivering Digital Success

Crafting Digital Solutions that Inspire

Luxury real estate developments in Dubai.

UAE's Premier Social Networking Platform

Order food online from top restaurants.

Ride-hailing made easy, safe, and affordable.

Shop now, pay later with flexible options.

Your Free Movie and TV Night, Every Night.

Trusted automotive solutions, driving excellence.

Transformed the transport landscape in the city.

Personalized banking experiences, for financial.

Transforming Virtual Healthcare Solutions Globally

Discover and book top tours, and activities.

Simplifying Daily Services

Seamless Video Streaming

Redefining Turkey’s Real Estate

May 9, 2020

Vista Venture Partners to invest $1.5B in Reliance Jio Networks for India

Table of Contents

Hire Our Development Experts.

About Author

Akansha Pandey

Expanding Expertise via Global Mobile & Technology Conference Participation

How Much Does It Cost To Develop An App In Abu Dhabi?

Airbnb Clone App Development: Features, Cost & Tech Stack

How to Build a Video Chat App Like Chamet in 2026

What Makes Fluper Different?

16+ Years

50+

Industries Served

24*7

Support & Maintenance

Guaranteed Project Delivery – On Time, On Budget, Every Time.

15 Million+

User Enagagement

Client's Testimonial

Launch your Million Dollar Business Idea Into a Successful Growth Story.

Free Marketing

2.5 Year Post Launch Assistance

Money Back Guarantee

Real-Time tracking & Support

Schedule Call

Our Global Presence

500+

Startups

300+

SMEs

200+

Enterprises

We Built

1000+

Brands Globally

30+

Countries Served

Office Address

Call Fluper

Drop An Email

Whatsapp Fluper

Office Address

Call Fluper

Drop An Email

Whatsapp Fluper

Office Address

Drop An Email

Call Fluper

Whatsapp Fluper

Office Address

Call Fluper

Drop An Email

Whatsapp Fluper

Office Address

Call Fluper

Drop An Email

Whatsapp Fluper

Office Address

Call Fluper

Drop An Email

Crafted for `Growth`

Our Global `Clients`

`375+` Certified Developers!

About `Author`

Expanding Expertise via Global Mobile & `Technology Conference` Participation

Support &
Maintenance

Guaranteed Project
Delivery – On Time,
On Budget, Every Time.

#1 ICT Services &
Solutions Provider

Fluper is Not Only an Idea But
A Dream to Meet Business Needs

Let’s `Talk!`

Fluper is Not Only an Idea But
A Dream to Meet Business Needs

Let’s `Talk!`