Jio Financial Services and BlackRock form JV to set up wealth management and stock broking business in India with $150 million investment each
Apr 15, 2024•over 1 year ago
Amount Raised
$150 Million
Investors
Black Rock
Description
Jio Financial Services, part of the Indian conglomerate Reliance, is forming a joint venture with U.S. asset manager BlackRock to set up a wealth management and stock broking business in India. The two companies plan to invest $150 million each in the joint venture.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
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