Qualcomm Brings DeepTech, Device, And Startup Prowess To Jio

42 views Reading Time: 2 minutes

On July 12, 2020, Reliance Industries Limited (RIL) announced Qualcomm Ventures decision to invest INR 730 Crore for 0.15% equity stake in Jio Platforms, a wholly-owned subsidiary of RIL. Qualcomm Ventures has invested at an Equity Value of Rs 4.91 Lakh Crore and an Enterprise Value of INR 5.16 Lakh Crore.

With this round, Jio Platforms has raised a total of INR 118,318.45 Crore (USD 15.88 Bn) from 12 global technology investors.

Before we discuss why this investment by Qualcomm Ventures is strategic, here’s a quick summary of the investments so far in Jio Platforms:

For a similar chart in USD Bn, please see the complete report (link at bottom).

We at Greyhound Research believe, like all other investors, Qualcomm Ventures also bring strategic value to Jio Platforms. Here are the five areas where the former will contribute the most to the latter:

1/ Networking – Jio and Qualcomm have a long standing relationship across 4G VoLTE and more recently 5G use-cases in India.

2/ Devices – Qualcomm’s partnership with KaiOS (16% owned by RRVL) can further Jio’s smart feature phones & accessories market.

3/ Computing – Qualcomm’s Snapdragon platform can help Jio launch cheap computing devices – Jio also has access to Intel & AMD.

By clicking Subscribe, you agree to our Privacy Policy.

4/ IoT – Qualcomm can help Jio with wearables, set top boxes, home automation, IPTV, Wi-Fi, smart cameras & smart car projects.

5/ Portfolio – Qualcomm Ventures experience with Zoom, fitbit, CloudFlare, Mobike, Ring, MI and others will add significant knowhow to Jio.

In a nutshell, Qualcomm Ventures brings to Jio prowess in latest technologies including Networking, Computing, Devices, AI among others and expertise in scaling and building global startups given its exposure in companies like Zoom, and MI.

Last but not least, we at Greyhound Research believe RIL can potentially divest another 4-5% in Jio Platforms to raise additional money in the range of INR 20,000 – INR 25,000 crore.

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.

Copyright © 2021 Greyhound Research. All rights reserved. You may share this research note using the options made available. Please don’t copy this research note (complete or parts) and distribute over the web and emails. Connect with us if you need clarifications.

Legal Note. The contents in this portal do not necessarily reflect the opinions, ideas, thoughts, points of view, and any other potential attribution to any contributor’s, commentator’s, or author’s past or future employers. No NDA’s have been broken. Email our Client Centricity Team to learn more on our NDA policy. Sources may come from both publicly available information and private individual conversations. In case of publicly available information, attributions have been added.

Request To Friends From Media

We at Greyhound Research fully understand that you would like to use this research report in your story – in fact, we truly thank you for using our insights – but we would like to please request you to reach out to us ahead of using the contents from this report. Thank you for understanding! Please email us on media@greyhoundg.com.

<strong>Analyst: Sanchit Vir Gogia</strong>
Analyst: Sanchit Vir Gogia

Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Digital & Technology Research & Advisory firm.

By clicking Subscribe, you agree to our Privacy Policy.

Leave a Reply