top of page

Reliance JIO Platform's value rises to 41.9 Lakh crore!!!

Reliance JIO Platform's value rises to 41.9 Lakh crore with the total stake sold to 25.09%

Intel capital became the 12th marquee firm to invest in the JIO digital unit for the stake of 0.39% with ₹1,894 crore investment!!!

The Jio Platform deal spree began in April with Facebook investing ₹43,573.62 crores in the company for a 9.9% stake. Since then deals have been announced regularly with the likes of General Atlantic, KKR, Mubadala, Silver Lake, ADIA buying stakes in Jio Platforms.

Well, Jio has surely got a boost. The matter of the fact is, these investments have helped the Reliance group to reduce the net-debt to zero earlier than its March 2021 target.

With all these investments, Jio is expected to use its 388 million mobile phone users as the cornerstone of an e-commerce & digital services business to rival Amazon & Flipkart.

But will they succeed?

I think yes. Having the highest number of mobile phone users, Jio is surely looking like a great future competitor for online selling platforms, maybe with proper marketing and sales strategy they might even uproot the other competitor even before anyone realizes.

Your thoughts??

11 views0 comments

Recent Posts

See All

5 Levels of Growth in Business for You!!

We all want to grow our business, isn't it!! Be it B2B or B2C, the end goal is to generate revenue and grow Here are the 5 levels of growth in Business for you!! 𝗟𝗲𝘃𝗲𝗹 𝟭- Always look for satisfy

What is Faceless Assessment for Income Tax for year 2020!!

Do you know what's 𝗙𝗮𝗰𝗲𝗹𝗲𝘀𝘀 𝗔𝘀𝘀𝗲𝘀𝘀𝗺𝗲𝗻𝘁 for Income Tax? PM Modi announced the Faceless Assessment. It will remove the human interface btw the taxpayers and the Income Tax Department H


bottom of page