Microsoft, Saudi Fund May Pick Up Stake In Jio

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Smelling opportunity in crisis is, perhaps, an important virtue of the greats and Mukesh Ambani’s fast-growing Jio Platforms is beginning to stand testimony to the same. After attracting investments worth $10 billion (Rs 78,562 crore) in just over a month, there may be more foreign investors making a beeline to tap into India’s huge digital market through Jio. 

 

“Microsoft most likely will be the next investor in Jio Platforms, eyeing a 2 per cent stake. If you track the tech giant’s past investments closely, the investments in companies like Ola, Facebook were for 2-4 per cent stake and these companies have been extensively using Microsoft’s tech products.

Microsoft has a strategy to lead with technology partnership, test the partnership strength, align forces, get its tech deep rooted and then invest,” Sanchit Vir Gogia, Founder & CEO of Greyhound Research said in his research note.

Gogia also pointed out that the Saudi Sovereign Wealth Fund may as well root for a 1-2 per cent stake in Jio.

[The New Indian Express]

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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