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Reliance Technology Ventures Ltd (RTVL), the corporate venture capital arm of Anil Ambani's Reliance ADA Group, has made an undisclosed investment in Stoke, Inc, a US-based company that enables telecom operators to deliver concurrent, multimedia subscriber experiences such as video, music, gaming, location, voice and data services across fixed, cellular, Wi-Fi and WiMAX access networks.
The co-investors of RTVL in the deal include existing investors such as Kleiner Perkins Caufield & Byers, Sequoia Capital, Integral Capital Partners and DAG Ventures. RTVL seems to be focusing on the US telecom startups. This is the second investment of RTVL, an 100 per cent subsidiary of Reliance Capital, in the US in the telecom space. It had recently led a $10 million round in E-Band Communications, a US-based company that makes ultra-high capacity wireless communications systems for the 70/80 GHz E-band spectrum. Besides this, RTVL had played a major role in Reliance Communications’ acquisition of Yipes for $300 million early this year. It also advised R-ADAG in its investment in travel portal Yatra.com.
Including this round, Santa Clara, California-based Stoke (founded by Indian Vikash Verma) has now received more than $50 million in funding.

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Reliance Technology Ventures Leads Series B Round In US-based E-Band