Reliance has been continuously monetizing its stake in Jio platforms in the last 2 months. It has attracted 8 investments in the last 7 weeks, raising Rs 97,887 Cr and diluting 21.06% stake.
This is being seen as their vision to make Jio debt-free as announced in a press release in October last year. Is that the end of the story?
Jio ushered Data Revolution in India. As we see it now, that was just a medium to expose 1/7 of the Global Population to the world of the Internet (130+ crores Customer Base is indeed an astonishing number!) before launching a JIO ecosystem to provide online products and services.
It has already stepped into artificial intelligence (AI), Internet of things (IoT), blockchain, online gaming, video streaming, multi-party video-conferencing, AR, VR, MR, eCommerce, retail, health, etc.
Stepping closer towards an ecosystem- The "Jio"ggernnaut
Here's a list of the Jio Platform Ecosystem with the sectors they cover:
My Jio: Telecom and Utility
Jio Saavn: Music and Audio streaming
Jio Cinema: Movies andVideo streaming
Jio TV: Live and catch-up Television
Jio VR: Immersive 360 degree VR content
Jio Browser: Data-light web browsing
Jio News: Multi-language news/Magazines
Jio Security: Mobile and Data Security
Jio HealthHub: Health and E-Diagnostics
Jio Chat: Messaging, Voice/Video calling
Jio Call: VoLTE Calling
Jio Cloud: Cloud Storage and Backup
Jio Mart: Ecommerce and Kirana
Jio Money: Digital payments
Jio Meet: Multi-party video-conferencing
Jio Games: Online Gaming
Jio Gate: Apartment Security
Jio Home: Access Control
Jio POSlite: Community recharge
Jio Motive: Live vehicle tracking
Jio smart security: Cloud-Based camera
Apart from these platforms, Jio also holds a stake in many Indian tech startups:
Grab, C-square, Haptik, Easy gov, Embibe, reverie, Sankhya sutra labs, Fynd, Netradyne, Tesseract being a few of them.
Jio is much more than a telecom company. It has developed different revenue streams and ventured into different technologies, segments, and concepts to assert its dominance.
RIL's ambitions for Jio have always been more than what meets the eye. When it was launched, many claimed that providing free data to its customers is a high risk on the part of Jio. Little did we know that Jio had plans larger than disrupting the Telecom Industry.
Is the same being repeated again?
Here are the 8 deals that Jio has made in the last 7 weeks:
Here's a list of sectors that these 7 investors holding more than a fifth of JIO have been investing in majorly:
Facebook: Social Media Giant, Consumer Space
Silver Lake: Technology-related growth companies
Vista Equity: Healthcare sector
General Atlantic: Consumer Technology Ventures
KKR: TMT (technology, media, telecommunications)
Mubadala: Petrochemicals and Real Estate
Abu Dhabi Investment Authority: Energy and Real Estate
A collective look at these funds points that Jio might have a vision of incorporating all aspects of one's daily life into its ecosystem, and Jio life would mean a lot more than cheap Internet.
Aramco, Brookfield, and BP deals are still rumored to be in the pipeline, and the investments would lead Jio to become debt-free, and most importantly, help in executing the vision more efficiently.
The Future?
While Jio will be entering different markets in the future, a big question that remains is how it would be integrating them into one and bind its users with the Jio ecosystem.
We might be looking forward to a subscription-based living, where Jio provides us with most B2B and B2C services with the help of cross integration of its platforms. The far-sighted vision and effective management of RIL have always surprised us, and this might be their next step in establishing dominance over the Indian markets.
Jio can then be a one-stop destination for all the essential services and the 'Jio It' would be a common phrase for the upcoming generation.
Heading towards a Digitalized Jio Life. Are We?
What are your views on the future of Jio Life?
The data and history do support the theory. We would like to know your thoughts on the same.
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