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 the opportunity to cross-sell to Reliance Jio’s existing userbase, according to advisory firm Greyhound Research.
Analysts believe that the carefully curated list of investors will give more power to the already powerful Jio brand.
Jio Platforms can go for listing either on Nasdaq or on New York Stock Exchange as early as 2021-2022.
The partnership with Facebook, for instance, can help Jio Platforms strengthen its data analytics capabilities and use that to target Indian shoppers better, Greyhound Research said in a report on July 13. On the other hand, investment from Silver Lake could go a long way in helping the company list on overseas exchanging, emulating the success that the private equity firm had with Alibaba Group in 2014, Greyhound Research said.
With its recent acquisitions in other sectors like online retailing and e-pharma, among others, analysts at Greyhound further suggested that Jio Platforms can go for listing either on Nasdaq or on New York Stock Exchange as early as 2021-2022. “The valuation range could be $150-200 billion.”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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