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After Facebook, Google to invest in Jio India

Google joins a list of new investors in Jio that includes Facebook, Intel, and Qualcomm
by Anoop Sai Bandi | August 26, 2021 13:38 IST
After Facebook, Google to invest in Jio India

Facebook had invested $5.7bn for a 9.99% stake in Jio, in April 2020. now, US-based technology giant Google, which is investing ₹33,737 crores in Jio Platforms for a 7.7% stake.

 
Google and Jio Platforms have entered into a commercial agreement to jointly develop an entry-level affordable smartphone with optimizations to the Android operating system and the Play Store.
 
On Wednesday, Google CEO Sundar Pichai said getting technology into the hands of more people is a big part of Google’s mission to organize the world’s information and to make it accessible and useful.
 
“Through this partnership with Jio Platforms, we see the chance to have an even greater impact either company could have alone," Pichai said the partnership is a key part of Google’s next chapter of investment in India.
 
In Twitter, Sundhar Pichai "Everyone should have access to the internet. Proud to partner with @reliancejio to increase access for the hundreds of millions in India who don’t own a smartphone with our 1st investment of $4.5B from the #GoogleForIndia Digitization Fund. "
 


CREDITS: TWITTER

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