Focus Merit

Google will acquire 7.7 percent stake in Jio Platforms

google jio
  • Google will acquire a 7.7% stake in Jio Platforms worth Rs 33,737 crore.
  • For Google, this is the “first and biggest investment” from the recently announced $10-billion India fund by its CEO Sundar Pichai.
  • The two companies will jointly develop an operating system for an entry-level smartphone that will support 5G and target India’s 350 million feature-phone users.