In a year that’ll be remembered in history for a devastating pandemic and an unprecedented economic slowdown, an American investor is flooding India with money. Experts believe having this giant in the roster will give Indian firms’ street cred globally. Silver Lake…
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. “The investments from the…
Read More Can India’s Legacy Businesses Beat Amazon and Walmart?
Billion-dollar investments, marquee shareholders, and a business built without any Chinese footprint, India’s 10-month old Jio Platforms appears to have all the right ingredients to become the next big global tech giant. The biggest strength of Jio Platforms is…
Over the past three months, home-grown variants of short-video social networking apps have cruised through some unusual times. Border tensions and #BoycottChina campaigns had already resulted in a steady uptick in their user base. And then came the ban on 59…
The ban on 59 apps with Chinese links has opened up opportunities for homegrown players to accelerate growth but they will have to ensure good user experience and engagement on their platforms to be successful, according to industry analysts. …
Read More Engagement, User Experience Critical For Homegrown Apps To Succeed
India's decision to ban 59 'made-in-China' apps is proving a blessing to local software developers, especially alternatives to video-sharing social networking service TikTok, which until the ban had 200 million users in the country. Some experts, however, see challenges…
Read More Ban On ‘Made-in-China’ Apps Gives India’s TikTok Rivals A Boost
TOKYO -- Google's surprise decision announced on July 15 to invest $4.5 billion into Jio Platforms, the digital business arm of India's biggest family-owned conglomerate Reliance Industries, has so far not been accompanied by any announcement on Google's role in Reliance's…
Read More Google-Reliance Partnership Heats Up Indian eCommerce Race
India's most valuable company Reliance Industries Limited (RIL) is reportedly the latest bidder for the Bytedance-owned TikTok in India. The Mukesh Ambani-led firm had begun talks last month with the Chinese firm to acquire its operations in India. The deal…
Read More Reliance Likely To Acquire TikTok In India For $5 billion
Reliance Industries Ltd could gain a deeper connection with consumers by acquiring TikTok in India, but its existing strategic partnership with Facebook — which owns Instagram — could put the deal under the scrutiny of the Competition Commission of India,…
Read More Does Acquiring TikTok In India Make Sense For RIL?
India’s struggle against the COVID-19 pandemic hasn’t stopped the deal making spree at Reliance Industries. As the country slows down, Mukesh Ambani’s conglomerate by sales and market capitalization has only seemed to speed up. In fact, some critics point out that Reliance…
Read More Is Reliance Jio Shaping the Future of Digital India?
Raising $15 billion through 11 deals over three-months in a normal environment is impressive for any company. But, doing it during a global pandemic when stock markets are fluctuating, confidence in investing is low and the effects of said pandemic…
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…
Read More Reliance-Owned Jio Platforms To Beef Up Its Capabilities With Qualcomm’s Investment
Mukesh Ambani unveiled his blueprint to build a complete technology ecosystem around Jio Platforms that includes developing India’s first 5G network solutions and affordable 4G smartphones in partnership with global giants such as Facebook, Qualcomm, Intel and Google. "The decision…
Read More Jio Ready With 5G Solution, Ropes In Google For Affordable Smartphone
Reliance Industries (RIL) Chairman Mukesh Ambani on Wednesday announced a strategic partnership with Google and development of in-house 5G solutions, in a bid to win over new customers and create a platform for future growth. "The decision by Google to invest in Jio is a…
Read More Google To Invest Rs 33,737 Crore For 7.73% Stake In Jio Platforms
Mukesh Ambani’s plans to build home-grown 5G network solution is based on an open source telecom platform called Open RAN. This network platform, similar to how open source software became a game changer in the 1990s, attempts to build telecom…
Read More For Home Grown 5G, RJio Bets On Free Platform Open RAN
When Mukesh Ambani—the world’s sixth-richest person—and chairman and managing director of India’s largest conglomerate, Reliance, made a slew of big announcements during the company’s 43rd annual general meeting (AGM) on Wednesday, his message was clear: Reliance would dominate everything digital, including 5G, smartphones,…
During the Reliance Annual General Meeting, Chairman Mukesh Ambani announced that Google has invested ₹33,737 crore in Jio Platforms for a 7.7% stake. Google became the second largest investor in Jio after Facebook which has a 9.9% stake in the…
Read More Mukesh Ambani Gave Google And Facebook A Discount On Reliance Jio Stake — Here’s Why
On Wednesday, Chairman of Reliance Industries Limited Mukesh Ambani announced that Google will invest $4.5 billion to take a 7.7% stake in Jio Platforms, the telecoms and digital arm of Ambani’s vast Reliance conglomerate. "This is a marriage of equals and hence of massive possibilities,"…
Read More Google Invests In India’s Red-Hot Jio Platforms To Build Cheap Cellphones
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…
Read More Qualcomm Brings DeepTech, Device, And Startup Prowess To Jio
Updated on July 13, 2020 The last 2+ months have been a rather busy one for Reliance Industries Limited (RIL). The company has announced twelve big investment deals - from Facebook, Silver Lake Partners, Vista Equity Partners, General Atlantic, KKR…
Read More RIL’s Ambitions For Jio Are Broader And Deeper Than What Meets The Eye
Reliance Industries, India’s largest company in terms of market capitalization, on Friday, said Intel Capital has invested USD 253.6 million in its digital arm Jio Platforms for a stake of 0.39%. This essentially means the investment arm of the American…
Read More Intel Capital invests USD 254 million in Reliance’s Jio Platforms
On July 03, 2020, Reliance Industries Limited (RIL) announced Intel Capital's decision to invest INR 1,894.50 Crore for 0.39% equity stake in Jio Platforms, a wholly-owned subsidiary of RIL. Intel Capital has invested at an Equity Value of Rs 4.91…
Read More Intel Will Help Jio Platforms Expedite On Its “Compute To Cloud” Vision
Reliance Industries Limited has played many a masterstroke in the past 2 months. The company has managed to attract 10 strategic investments (from a total of 9 investors) and has raised US 14 Bn by divesting 22.38% in Jio Platforms.…
Read More What Value Does Each Investor Bring To Jio Platforms?
A lot has been written about Jio Platforms and how RIL has created history by attracting investments worth INR 1 Trillion in less than 2 months. While RIL has been hugely successful so far with Jio, a large part of…
Deal-making is both an art and a science, and Reliance Industries Limited (RIL) seems to have mastered it better than anyone else. In 7 weeks, RIL has closed 8 deals from 7 marquee global investors. It's hard to find a…
