Reliance Industries Limited (RIL) subsidiary of Jio Platforms Limited (JPL) has invested US$200 million in AI-driven “lock screen” platform Glance, for a 17.5% stake in the company.

K Law advised RIL on the transaction.

The team was led by Partner Rukmini Roychowdhury, Associate Partners Mitesh Shah (Corporate), Gautam KM (Intellectual Property aspects), and assisted by Senior Associate Rohaneel Mohite and Associates Yash Anand and Aakshay Amesur.

White & Case was the Foreign Counsel for Jio Platforms (RIL)

Concurrent with the proposed investment, a business partnership agreement is also being entered into between Glance and Reliance Retail.

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