Become A Startup Insider With Inc42 Plus
Join our exclusive community of business leaders &makers for in-depth tech stories and intelligence on India’s tech economy you won’t find elsewhere.
Unlimited Access
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of 40,000+ stories.
Inc42 Academy
Exclusive, in-depth and actionable sessions from 300+ industry leaders, founders & operators to help you level up.
Startup Deals
Over $250,000 worth deals on software & tools to help your business scale up.
Member-Only Events
Connect with editors and industry peers through our members-only community
Clutter-Free Experience
Enjoy an ad-free and clutter-free experience as a member, focus on what really matters to you
Support Independent Journalism
Your contribution will go on to support and empower our unbiased & data-driven journalism
Become A Startup Insider With Inc42 Plus
Join our exclusive community of business leaders &makers for in-depth tech stories and intelligence on India’s tech economy you won’t find elsewhere.
Choose Your Plan
This Diwali, Get Up To 72% Off On Inc42 Plus
Become A Startup Insider With Inc42 Plus
Global tech giant Facebook has become the biggest minority stakeholder in Reliance Jio with an investment of $5.7 Bn. The social media giant has acquired a 9.99% stake in Reliance Jio at a pre-money valuation of $65.95 Bn after months of speculation about the investment.
A day after industry experts and government officials raised the red flag over the fallout of the Reliance Jio-Facebook deal on competitors and data sharing, Reliance Industries Limited (RIL) strategy head Anshuman Thakur assuaged any such fears.
Clearing the air, Ajit Mohan, vice president and MD, Facebook India highlighted that data sharing wasn’t part of the deal struck between the two companies.
To read more, click here.