Tag: Jio Platforms
China expresses concern over its absence in India’s 5G trials
China expressed concern on Wednesday over India’s move to not grant any Chinese firm permission to participate in 5G trials in the world’s second-largest internet market as the two neighboring nations struggle to navigate business ties amid their geo-political tensions. India’s Department of Telecommunications earlier this week approved over a…
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India grants approval for 5G trials, avoids Chinese firms
Indian telecom ministry on Tuesday said it has granted several telecom service providers permission to conduct a six-month trial for the use and application of 5G technology in the country. New Delhi has granted approval to over a dozen firm spanning multiple nationalities — excluding China. Among the telecom operators that…
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Forget winning, can Amazon survive in India?
During a visit to India in 2014, Amazon chief executive Jeff Bezos made a splashy announcement: His firm was investing $2 billion in the South Asian nation, just a year after beginning operations in the country. Amazon’s announcement underscored how far India had come to open up to foreign firms.…
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Jumbotail raises $14.2 million for its wholesale marketplace in India
Jumbotail, an online wholesale marketplace for grocery and food items, said on Friday it has raised an additional $14.2 million as the Bangalore-based startup chases the opportunity to digitize neighborhood stores in the world’s second largest internet market. The five-year-old startup said the new tranche of its Series B financing…
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Indian startups raised $9.3 billion in 2020
The coronavirus pandemic — and a handful of other factors — slowed dealmaking for startups in India this year. Compared to their record $14.5 billion fundraise last year, Indian startups are ending 2020 with about $9.3 billion. This is the first time since 2016 that startups in India, one of…
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Google buys $4.5 billion stake in India’s biggest mobile network
Google is the latest big name to buy a stake in India’s largest mobile network, the company announced today. The search giant is buying a 7.7 percent stake in Jio Platforms worth $4.5 billion, a sum that is coming from Google’s recently-announced $10… Source
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