Ambanis Jio seeks to raise $3.2B in what could be Indias biggest IPO | TechCrunch
Summary
Jio Platforms plans to raise up to $3.2 billion in an IPO that could become India’s largest. The company set a price band and will open the offering to investors on October 21. Jio has grown from a telecom operator into a broader digital business with broadband and cloud services. It will use most of the proceeds to repay debt at its telecom subsidiary, with the rest going to general corporate purposes.
Funding
Amount
$3.2B
Total raised
Date
October 14, 2026
Announcement date
Investors
Bharti Airtel, Vodafone Idea, Google, Reliance Industries, Meta
Lead investors
Company
jio.com
Funded company
AskAI Classifications
Sectors
Telco and ISP
VOIP and UCaaS Software
Functions
Developer and IT Infrastructure
Development Platforms
Linked Companies
Jio
$10M to $25M