Social distancing has meant increased usage of technology and digital solutions, which is driving investors towards tech companies. RIL has tapped into this heightened interest for technology investments by positioning Jio as a digital platform company.
Why did Google invest in Jio?
Primarily, Google hoped to use its investment in Jio to bring smartphones to more users in India, and it hopes that through this partnership with Jio, which reportedly has about 400 million users, will help its efforts.
Who are the investors in Jio?
In all, Jio Platforms has raised capital from thirteen investors, including Facebook, Google, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, Public Investment Fund of Saudi Arabia, Intel Capital and Qualcomm Ventures, for a total consideration of 32.9 per cent stake.
Did Microsoft invest in Jio?
Microsoft, the world’s most valuable company, is reportedly mulling over investing $2 billion in Mukesh Ambani’s Reliance Jio for a 2.5% stake. The two companies already have a partnership in place with Microsoft’s cloud solution, Azure, hosting Reliance Jio’s data on its servers in India.
What has Ambani invested?
Mukesh Ambani, Bill Gates & others to invest $144 mn in US-based Ambri Inc. Mumbai: Mukesh Ambani’s Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries will invest $50 million in Ambri Inc, a renewable energy storage company in the United States.
Is Jio running in loss?
The company lost 0.2 million active subscribers and its market share of active user base declined to 26.1%. As of February, Bharti has the highest number of active subscribers at 340 million, followed by Jio at 324 million and Vodafone Idea at 256 million.
Who is CEO of Jio?
Atul Kansal – CEO – Jio | LinkedIn.
Who is the real owner of Jio?
|Jio’s headquarters in RCP, Navi Mumbai|
|Headquarters||Maker Chambers IV, 222 Nariman Point, Mumbai, Maharashtra , India|
|Key people||Mukesh Ambani (Chairman) Sandip Das (Managing Director)|
|Products||Fixed line telephone Mobile phones Wireless broadband Internet services OTT Services|
Is Reliance bigger than Samsung?
Mukesh Ambani-led oil-to-telecom conglomerate Reliance Industries has been ranked the second biggest brand after Apple on the FutureBrand Index 2020. … Ranked ahead of Reliance Industries is Apple. On the third spot is Samsung, followed by Nvidia, Moutai, Nike, Microsoft, ASML, Paypal, and Netflix.
How many partners are there in reliance company?
On 31 March 2021, the company had 347 subsidiary companies and 150 associate companies.
What is the age of Nita Ambani?
Ambani began a business trading in spices in the late 1950s, calling his nascent venture Reliance Commercial Corporation. He soon expanded into other commodities, following a strategy of offering higher-quality products and accepting smaller profits than his competitors. His business grew quickly.
How did Ambani rich?
Mukesh Ambani owns approximately 45% of Reliance Industries, making his net worth approximately US$ 24 billion. … In 2005, the business was split between the two brothers, with Mukesh retaining the oil and gas business and Anil holding on to telecom, infrastructure and finance.