Category: invest

Google to invest $10 billion in India
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Google to invest $10 billion in India

Google said on Monday that it plans to invest $10 billion in India in the next five to seven years as the search giant looks to help accelerate adoption of digital services in the key overseas market. Sundar Pichai, chief executive of Google, today unveiled Google for India Digitization Fund through which the company will…

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Intel to invest $253.5 million in India’s Reliance Jio Platforms
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Intel to invest $253.5 million in India’s Reliance Jio Platforms

Intel said on Friday it will invest $253.5 million in Jio Platforms, joining a roster of high-profile investors including Facebook, General Atlantic, and Silver Lake that have backed India’s top telecom operator in recent months. The American chipmaker’s investment arm said it is acquiring a 0.39% stake in Jio Platforms, giving the Indian firm a…

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Mubadala to invest $1.2 billion in India’s Reliance Jio Platforms
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Mubadala to invest $1.2 billion in India’s Reliance Jio Platforms

Abu Dhabi-based sovereign firm Mubadala has become the latest investor in Mukesh Ambani’s Reliance Jio Platforms, joining five American firms including Facebook and Silver Lake that have secured stakes in India’s biggest telecom operator at the height of a once-in-a-century global pandemic. Mubadala said it had agreed to invest $1.2 billion in Reliance Jio Platforms…

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Carry1st has $4M to invest in African mobile gaming
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Carry1st has $4M to invest in African mobile gaming

Gaming development startup Carry1st has raised a $2.5 million seed round led by CRE Venture Capital . That brings the company’s total VC to $4 million, which Carry1st will deploy to support and invest in game publishing across Africa. The startup — with offices in New York, Lagos, and South Africa — was co-founded in…

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Silver Lake to invest $747M in India’s Jio Platforms
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Silver Lake to invest $747M in India’s Jio Platforms

Weeks after Facebook invested $5.7 billion in Jio Platforms, India’s top telecom operator, private equity firm Silver Lake is following suit — and is willing to pay a premium for it. Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $746.8 million) in Jio Platforms for about 1.15% stake in the Indian…

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Tesla at $15,000 by 2024? Has ARK Invest Lost Their Minds?
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Tesla at $15,000 by 2024? Has ARK Invest Lost Their Minds?

ARK Invest holds a 25% probability that Tesla will hit $15,000 in 2024. The investment fund assumes Tesla’s largest revenue driver in 2024 will be robotaxis. The Elon Musk-led firm stands to gain from an EV boom. But traditional car makers are catching up. Tesla’s (NASDAQ:TSLA) market cap now stands at nearly $120 billion, exceeding…

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