- Qualcomm pours capital into India’s Reliance Jio, which has now raised $15.7 billion in the past three months.
- Google intends to invest $10 billion into India over the next five to seven years, looking to put capital to work in through a mix of “a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments” via a new “Google for India Digitization Fund.”
- And, Google has education plans in India. India! It’s a big deal!
- WeWork might turn cash flow positive in 2021. That’s still a ways from now, but it does go to show that deep under the flesh of whatever WeWork claimed to be during its 2019 IPO process, there was a real company somewhere in its bones. How large a company is not clear.
- UIPath raised $225 million in a Series E that values it at over $10 billion. The company’s ARR has quadrupled to $400 million in the past few years.
- Finally, US tech’s response to the Hong Kong “security” law that isn’t.
Wrapping, this earnings season is a big deal. Lots of tech investors are betting that an accelerated digital transformation is going to push most tech shops into a growth curve that makes their equity attractive, even at elevated prices. Quite a lot of capital has been sunk in this idea. We’ll see what happens when the numbers come in.
Equity drops every Monday at 7:00 a.m. PT and Friday at 6:00 a.m. PT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.