Intel CEO Bob Swan. Intel Capital is the venture capital arm of Intel. Photograph by Stuart Isett for Fortune Magazine, under Creative Commons license

Intel Capital, the venture capital arm of chip giant Intel, has joined the long list of investors that have recently ponied up sizeable amounts for stakes in Reliance Jio, the telecoms arm of Indian conglomerate Reliance Industries. Intel Capital has agreed to invest $253 million in exchange for a 0.39% stake, valuing Reliance Jio at $65 billion, the same valuation that many investors bought into the company at. In total, Reliance Jio has closed roughly $15 billion in funding in the span of a few months, that amount anchored by a $5.7 billion investment from Facebook.

“Intel is a true industry leader, working towards creating world-changing technology and innovations. Intel Capital has an outstanding record of being a valuable partner for leading technology companies globally. We are therefore excited to work together with Intel to advance India’s capabilities in cutting-edge technologies that will empower all sectors of our economy and improve the quality of life of 1.3 billion Indians,” Mukesh Ambani, the Chairman of Reliance Industries, said in a statement.

Reliance Jio adds to Intel Capital’s long list of investments, which includes companies in the fields of artificial intelligence, autonomous vehicles, 5G, data center and cloud. Since its establishment in 1991, Intel Capital has invested a collective $13 billion in nearly 1,600 companies, about 700 of which have had exits either via public listings or mergers and acquisitions.