Mukesh Ambani’s Reliance Jio platform saw a lot of cash inflow into the company. Unlike its competitors, the telecom giant saw a surge of investors. It is venturing into own operating systems, music, OTT and digital payments. After Facebook‘s $5.7 bn, Silver Lake‘s $747 million and Vista’s $1.5bn, General Atlantic has invested $870 million in Jio platforms. The total investment amounts to $8.85 bn.
On this note, Sanchit Vir Gogia, founder and CEO of Greyhound Research said: Jio is a data, technology, and ecosystem opportunity. Since, connectivity is the lubricant for the engines of community, content, commerce, currency, and capital. The intent is to leverage tech to capitalise on assets across RIL portfolio companies.
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P.S.: To read a twitter thread on this topic, click here.
P.S.: To read a research report on the investments in Jio Platforms, click here.
Analyst:
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.
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