India Digest: KKR launches third infrastructure trust; Meta, Jio launch grocery delivery on WhatsApp

REUTERS/Brendan McDermid

KKR has announced the launch of the Highways Infrastructure Trust while Facebook parent Meta and an e-commerce venture between India’s Reliance Retail and Jio Platforms are bringing JioMart grocery shopping to WhatsApp.

KKR launches its third infrastructure trust In India

KKR on Monday announced the launch of the Highways Infrastructure Trust (HIT), its third infrastructure investment trust in India.

The latest infrastructure trust is in addition to Virescent Renewable Energy Trust, a renewable energy InvIT, and India Grid Trust, a transmissions InvIT. Together, these platforms operate and manage 33 assets valued at over $3.8 billion across 22 states and Union territories across India.

HIT is considering a pipeline of acquisition targets, including through sponsors.

Meta and Jio launch grocery delivery on WhatsApp in India

Meta and an e-commerce venture between India’s Reliance Retail and Jio Platforms are bringing grocery shopping to WhatsApp, TechCrunch reported on Monday.

Customers in India will be able to browse JioMart’s entire grocery catalogue on WhatsApp, add items to the cart and make payments via local payments rail UPI without ever leaving the instant messaging service.

This comes two years after Meta and JioMart started to test an integration with select users.

 

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