2020-05-17
TechCrunch
7 related
General Atlantic to invest $870M in Reliance Jio Platforms at a $65B valuation, joining Facebook, Silver Lake, and Vista Equity Partners among Jio investors
Mukesh Ambani's Jio Platforms has agreed to sell 1.34% stake to General Atlantic, the latest deal in a series of deals …
2020-04-22
New York Times
Facebook's Jio investment may pave the way for WhatsApp to connect with Indian businesses via JioMart, Jio's small-business marketplace, for mobile shopping
It was the largest bet by the social network on the developing market, where millions of people have gone online in recent years.
MediaNama
25 related
Facebook's deal with Jio is unlikely to make a dent in India's mobile payments market, where Google Pay, PhonePe, and Paytm have emerged as the big players
So it's confirmed: Facebook has bought 9.9% stake in Jio Platforms Limited, the parent company of Reliance Jio Infocomm Limited, for $5.7 billion (Rs 43,574 crore).
TechCrunch
49 related
Facebook invests $5.7B in Jio for a 9.99% stake, making it the largest minority shareholder in the subsidiary of India's most valued firm, Reliance Industries
Facebook has enjoyed unparalleled reach in India for more than a decade. But as China's fast-growing ByteDance emerges …
2019-01-20
VentureBeat
6 related
The owner of Reliance Retail, India's biggest retailer, and Jio, a disruptive telecom, announces an online retail platform to compete with Flipkart and Amazon
Manish Singh / VentureBeat :
2019-01-19
VentureBeat
6 related
The owner of Reliance Retail, India's biggest retailer, and Jio, a disruptive telecom, announces an online retail platform to compete with Flipkart and Amazon
As Amazon and Walmart-owned Flipkart scramble for ways to work around the impending new strict ecommerce policy in India …
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