India’s biggest network provider Reliance Jio today announced that Saudi Arabia’s sovereign fund, The Public Investment Fund (PIF), has invested $1.5 billion in Jio Platforms. That takes makes it the 11th investment in Jio Platform this year, with the Indian company raising $15.2 billion to date. With that, Jio has achieved a notable record: it has raised more money than all Indian tech startups combined in 2019. According to data from research firm Tracxn, Indian startups raised $14.5 billion last year. Jio’s investment spree started in April with Facebook pumping in $5.7 billion in exchange for 9.9% equity. After that,…

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