Dear Members, Like most weeks during the lockdown, this one too began with Reliance announcing a major new investor. After the mega deal with Facebook at the tail end of April, Jio has been on an unprecedented spree. This week, it started with a $100 Mn investment from Qualcomm Ventures, which would otherwise have been a massive amount, but for Jio it was just a drop in the ocean. Just a couple of days later, it followed this up with a mega $4.5 Bn investment from Google for 7.73% equity stake, just short of Facebook’s 9.99% stake. Alphabet and Google... This is an Inc42+ Member Exclusive story. Read this story on Inc42.Author: Yatti Soni
Source : https://inc42.com/features/the-outline-by-inc42-a-startup-called-jio/
Date : 2020-07-18T02:30:39.000Z