Jio Platforms, the digital arm of India’s largest conglomerate Reliance Industries, which has raised USD 15.7 billion in the last 12 weeks from 11 high-profile investors, has got American chipset maker Qualcomm as its newest backer.
According to Sanchit Vir Gogia, founder and chief executive, Greyhound Research, a technology research and advisory firm, while Qualcomm has already been working closely with Reliance, the investment strengthens its play in the overall scheme of things. Accelerating the roll out of 5G infrastructure and services is only one of the many reasons for Jio Platforms to add Qualcomm to the list of its backers.
Gogia said Jio Platforms is likely to leverage Qualcomm’s existing partnership with KaiOS, a mobile operating system developer, in which Reliance Retail owns a 16% stake, to expand its smart feature phones and accessories market.
“Qualcomm’s Snapdragon platform can help Jio launch cheap computing devices,” he told KrASIA, adding that the chipmaker can also aid Jio “with wearables, set-top boxes, home automation, IPTV, Wi-Fi, smart cameras, and smart car projects.”
“Qualcomm Ventures’ experience with Zoom, Fitbit, CloudFlare, Mobike, Ring, MI (Xiaomi), and others will add significant know-how to Jio,” Gogia said.
According to him, this will help Jio Platforms build upon similar offerings. Moreover, he said, Qualcomm has a good compute platform for mobile computing devices as well as technology for the fast charging of devices, which is likely to be added to JioPhones.
“In a nutshell, Qualcomm Ventures brings prowess to Jio in latest technologies including networking, computing, devices, and AI, among others, and expertise in scaling and building global startups given its exposure in companies like Zoom, and Xiaomi,” Gogia added.
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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