Glance has agreed to raise $200 million from Jio Platforms Limited in its Series D round of funding. The transaction is subject to the satisfaction of customary closing conditions and regulatory approvals.
The proposed investment by Jio is aimed at accelerating Glance’s launch in several key international markets outside of Asia such as the US, Brazil, Mexico, and Russia. Glance has also entered into a business partnership arrangement with Reliance Retail Ventures Limited, for its ‘lock screen platform’ to be integrated into the JioPhone Next smartphones.