From Flipkart versus Amazon to Uber versus Ola, and even Swiggy versus Zomato, India’s internet has so far been a battleground for young local startups and global tech giants—either fighting each other or among themselves.
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“The investments from the likes of Facebook will help Reliance Industries to build a thriving commerce and currency business,” said a report from advisory firm Greyhound Research. “Reliance Industries’ intent is to be not just a leader in India’s digital platform space but across global markets and a variety of business categories like software.”
Quartz
P.S.: For more information on the recent investments, value that each investor brings to Jio Platforms, engagement with Microsoft, impact on Bharti Airtel, and the challenges the company can expect, read this research report by Greyhound Research.
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