Table of Contents
Why is Jio getting so many investors?
Social distancing has meant increased usage of technology and digital solutions, which is driving investors towards tech companies. RIL has tapped into this heightened interest for technology investments by positioning Jio as a digital platform company.
Why are Facebook and Google investing in Jio?
Primarily, Google hoped to use its investment in Jio to bring smartphones to more users in India, and it hopes that through this partnership with Jio, which reportedly has about 400 million users, will help its efforts.
Will Facebook’s Reliance Jio investment impact the online future of India?
Facebook is making its single biggest investment in India’s Reliance Jio. The move could impact the online future of the world’s largest democracy. By Ravi Agrawal, the editor in chief of Foreign Policy. A man waters a tree outside the Jio World center in Navi Mumbai, India, on April 22.
Is Jio platforms a good investment idea?
The recent investments suggest that people are buying its idea. Jio Platforms has become the new darling of international tech and private equity investors. In less than four weeks, Jio Platforms has raised Rs 67,194.75 crore from leading technology investors.
What does the Facebook-Jio deal mean for India’s data localization plans?
If approved by regulators, the Facebook-Jio deal suggests that India’s data localization plans may not be absolute. It also suggests that Western tech behemoths will continue to have an important stake in India’s future. The timing of Facebook’s investment, while likely long in the works, may also be telling.
What is the Reliance Jio platforms?
Jio Platforms claims to build a digital society powered by Reliance Jio ‘s network technology. It aims to digitize services for consumers, allowing them to shop online and pay online. While such services are already available in the country, Jio Platforms wants to bring kirana stores to the digital world.