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In July 2020, Google invested USD 4.5 billion in Reliance’s digital arm Jio Platforms and entered into a partnership to jointly develop affordable smartphones.
As part of this collaboration, Reliance will shift its core retail businesses to Google Cloud’s infrastructure.
With multiple super app contenders in India, the verdict on who will reach that level first is still open.
India’s online grocery market is laden with multiple big players such as Amazon, Flipkart, BigBasket, JioMart, Grofers, Dunzo, and Swiggy.
The investors who KrASIA spoke with said, in the hindsight, there has never been a better year for tech startups than 2020.
In August, PharmEasy acquired smaller rival Medlife.
Till now, small and medium businesses have been using WhatsApp to individually send photos of their products to users over chat.
Krikey marks Reliance Jio’s first investment in gaming segment.
This is Ambani’s second fundraising spree. Prior to this, he raised USD 20.2 billion for Reliance’s digital arm Jio Platforms from 13 high-profile global investors.