Reliance Industries’ Deals Lift PE-VC Funding To US$39Bn In ’20, Highest In 5 Yrs
Other top investments included the acquisition of container glass packaging manufacturer Piramal Glass, by Blackstone for US$1 billion, and US$603-million investment in Zomato by global PE firms led by Tiger Global and Kora Management. On the back of Reliance’s fund-raising spree, private equity (PE) and venture capital (VC) investments in 2020 beat the pandemic blues and recorded the highest level in the last five years at US$39.2 billion across 814 deals. This was 6.6 per cent higher than 2019, which had seen 1,012 deals. Investments into RIL’s businesses made up...
