Client Note
Also covered are hot or not industries, the CB Insights Mosaic score, and Reliance Jio's financing run.
We’ve got industry hot or not below, but first…
I’ve been doing this CB Insights thing for a bit, but I’ve never seen a company do a financing run like Reliance Jio, the India-based telecom firm. In less than 2 months, it has raised $12B+ across 7 financing rounds from a string of heavyweights including Facebook (via entity Jaadhu Holdings), which kicked things off in April 2020.
Note: Our conversation with Henry Kravis of KKR at the upcoming CB Insights Technology Conference will provide us an opportunity to understand Reliance Jio a bit more, given his firm’s recent $1.5B investment.
Jio’s financing history even puts Uber, which used to wait at least 6 months before raising its next $1B, to shame.
