Mukesh Ambani to invest in Josh Kushner's Thrive Capital

Mukesh Ambani, Brazil's Jorge Paulo Lemann and France's Xavier Niel will join KKR & Co co-founder Henry Kravis and Walt Disney Co Chief Executive Officer Robert Iger in investing USD 175 million to purchase a 3.3% stake in Thrive Capital, a venture capital firm founded by American Billionaire Josh Kushner. The deal values Thrive at USD 5.3 Billion, up from USD 3.6 Billion in 2021, when it sold a stake to a unit of Goldman Sachs Group Inc. Its total assets under management reached USD 15 billion last year.