Jio Platforms to invest USD 200 mn in Glance

Leading AI-driven lock-screen platform Glance has agreed to raise $200 million from Jio Platforms (Jio) in its ‘Series D’ round of funding, subject to regulatory approvals.

According to Jio, the proposed investment is aimed at accelerating Glance’s launch in several key international markets outside of Asia such as the US, Brazil, Mexico and Russia.

Notably, Glance is aiming to create the world’s largest live content and commerce ecosystem on the lock screen and will use the funds raised to expand globally. Glance has grown at a phenomenal pace over the past two years and has given users a truly unique solution by unlocking the power of the lock screen for experiencing the internet, live content, creator driven entertainment commerce and gaming, Akash Ambani, Director, Jio Platforms, said in a statement.

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