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.
At a time when the world is dealing with a raging pandemic and the global economy is in turmoil, Jio Platforms, a digital conglomerate spun off from India’s Reliance Industries (RIL), has managed to raise over $20 billion (Rs1.52 lakh crore) from investors such as Google and Facebook.
Owned by Asia’s richest man Mukesh Ambani, Jio Platforms dabbles across most new-tech segments such as cloud, media, digital commerce, financial services, gaming, education, healthcare, agriculture, e-governance, and smart cities.
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