Jio is rolling out the world’s best 5G network across India, at a pace which is faster than anywhere in the world. Jio’s 5G deployment will be complete in 2023
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Jio is rolling out the world’s best 5G network across India, at a pace which is faster than anywhere in the world. Jio’s 5G deployment will be complete in 2023
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The new experience allows consumers to shop from JioMart right within their WhatsApp chat.
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With this $15 million investment, Jio has picked a 25% equity stake in this Silicon Valley-based startup founded by Pranav Mistry.
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Google’s $1 billion investment in Airtel is part of Google for India Digitized Fund (IDF) announced in 2020.
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Jio Platforms is best placed to pose stiff competition to domestic and foreign rivals in India, according to GlobalData.
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Google will invest ₹33,737 crore in Jio Platforms, buying a 7.73% stake in the Reliance Industries owned digital venture.
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TPG, a global alternative asset invest firm will invest ₹4,546.80 crore, while L Catterton, a major consumer focused private equity firm will invest ₹1894.50 crore in Jio Platforms
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Reliance Industries and Jio Platforms said that this investment values Jio Platforms at an equity value of ₹ 4.90 lakh crore and an enterprise value of ₹ 5.15 lakh crore
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Facebook will invest Rs 43,574 crore in Jio Platforms – a digital business arm of Reliance Industries. With this investment, Facebook will buy a minority stake of 9.99% in Jio, according to Reliance Industries.
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