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Mukesh Ambani To Acquire Stakes In Josh Kushner's Thrive Capital

Founded in 2009, Thrive has invested in firms like Oscar Health Inc., Compass Inc., Affirm Holdings Inc., Opendoor Inc., Unity Software Inc., Him & Hers Health Inc. and SKIMS

Mukesh Ambani To Acquire Stakes In Josh Kushner's Thrive Capital
Mukesh Ambani, MD and Chairman of Reliance Industries Limited

Outlook Start-Up Desk

POSTED ON January 25, 2023 6:48 PM

The US-based venture capital firm Thrive Capital will receive a $175 million investment from a bunch of billionaires like Mukesh Ambani, Jorge Paulo Lemann, Xavier Niel, Henry Kravis and Robert Iger in exchange for a minor 3.3 per cent shareholding. 

The deal is expected to value the company at $5.3 billion from $3.6 billion, which it earned in 2021 after selling a stake to a unit of Goldman Sachs. 

According to a statement made by a spokesperson, the company’s total assets under management reached $15 billion last year. 

“These extraordinary operators have built storied institutions, achieved geographic preeminence, ushered beloved brands to even greater heights, and pioneered entirely new industries," the company said in a statement. 

“A lot of these folks have been involved in my life for quite a bit of time and now they actually have a vested stake in the firm’s success.” Josh Kushner, the founder and CEO of the company said in a statement. 

Founded in 2009, Thrive has invested in firms like Oscar Health Inc., Compass Inc., Affirm Holdings Inc., Opendoor Inc., Unity Software Inc., Him & Hers Health Inc. and SKIMS. 

With a net worth of $84.7 billion, Mukesh Ambani is the 12th richest billionaire in the world. Lemann has a net worth of $21.1 billion and is the richest individual in Brazil. 
 

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