CleanupBot at 17:51, 1 January 2022

2022-01-01T17:51:19Z

New page

{{for|other uses or company named Jio|JIO (disambiguation)}}
{{Distinguish|Jio}}
{{short description|Indian technology company}}
{{Use Indian English|date=July 2020}}
{{use dmy dates|date=July 2020}}
{{Infobox company
| name = Jio Platforms
| logo = Reliance Jio Logo (October 2015).svg
| logo_size = 150px
| image = Jio LYF building.jpg
| image_caption = Jio headquarters in [[Mumbai]]
| type = [[Subsidiary]] of [[Reliance Industries]]
| traded_as =
| founded = {{start date and age|df=y|2019|}}
| founder = [[Mukesh Ambani]]
| key_people = Anant Ambani {{small|(Director)}}<ref>{{cite news |url =https://www.businessinsider.in/thelife/personalities/news/mukesh-ambani-youngest-son-anant-ambani-joins-reliance-jio-as-director/articleshow/75996072.cms|title =Mukesh Ambani's youngest son Anant Ambani who said "Reliance meri jaan hai" joins Jio Platforms as Director|publisher =[[Business Insider]]|quote =Anant Ambani, the youngest son of Mukesh Ambani, has joined Jio Platforms as director.|date =May 26, 2020|website =businessinsider.in|author =Rounak Jain|access-date =May 26, 2020}}</ref>
| products = {{Unbulleted list
|[[Telecommunications]]
|[[E-commerce]]
|[[Entertainment]]
|[[Retail]]}}
| hq_location = [[Mumbai]], [[Maharashtra]]
| hq_location_country = [[India]]
| area_served = [[India]]
| parent = [[Reliance Industries]]
| owners = {{Unbulleted list
|[[Reliance Industries]] (67.03%)
|Strategic investors (18.26%)
|Private equity firms (9.38%)
|Sovereign wealth funds (5.33%)
}}
| subsid = {{Hlist|
| [[Jio]]
| [[JioFiber]]
| [[JioMart]]
| [[JioCinema]]
| [[JioSaavn]]
| [[Radisys]]
| [[Haptik]]
| Embibe
| Reverie
| JioTesseract
}}
| homepage = {{URL|http://www.jio.com}}
}}

'''Jio Platforms,''' is an Indian [[Conglomerate (company)|conglomerate company]] and a subsidiary of [[Reliance Industries]], headquartered in [[Mumbai]], [[India]]. Established in 2019, Jio Platforms acts as a [[holding company]] for India's largest mobile network operator [[Jio]] and other digital businesses of Reliance.<ref>{{cite news |last1=Kalyanaraman |first1=Anand |title=The financial engineering behind the Great Jio Fund-raise |url=https://www.thehindubusinessline.com/info-tech/the-financial-engineering-behind-the-great-jio-fund-raise/article32153901.ece# |access-date=31 January 2021 |work=Business Line |language=en}}</ref>

In May 2020, Jio Platforms was reported to be the fourth largest Indian company by [[market capitalization]].<ref name=":0" /> Since April 2020, Reliance Industries has raised {{INRConvert|152056|c}} by selling 32.97% equity stake in Jio Platforms.<ref>{{Cite news |title=Google to invest Rs 33,737 crore for a 7.7 per cent stake in Jio Platforms - The Economic Times |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/internet/google-to-invest-rs-33737-crore-for-a-7-7-stake-in-jio-platforms/articleshow/76977018.cms |access-date=2020-07-15}}</ref>

==History==
In October 2019, [[Reliance Industries Limited]] (RIL) announced the creation of a wholly owned subsidiary for its digital businesses including [[Jio]]. In November 2019, the subsidiary was named Jio Platforms. The {{INRConvert|1.08|t}} liability of Jio was transferred to RIL and in turn RIL received preferential shares of Jio Platforms.<ref name=":1">{{cite news|title=RIL to create ₹1.08-lakh-cr digital giant |url=https://www.thehindubusinessline.com/companies/ril-to-demerge-rjio-into-a-separate-company/article29800376.ece |access-date=8 May 2020 |work=The Hindu Business Line}}</ref><ref>{{cite news |title= RIL's new digital unit christened Jio Platforms Ltd|url=https://www.thehindubusinessline.com/info-tech/rils-new-digital-unit-christened-jio-platforms-ltd/article30113511.ece |access-date=8 May 2020 |work=The Hindu Business Line}}</ref> According to some observers, the restructuring was done to keep the digital businesses of the group within a debt-free entity.<ref name=":2">{{Cite web|title=RIL Raises Nearly Rs 50,000 Crore From Jio Platforms Deals With Facebook, Silver Lake|url=https://www.bloombergquint.com/business/ril-raises-nearly-rs-50000-crore-from-jio-platforms-deals-with-facebook-silver-lake|website=BloombergQuint|language=en|access-date=2020-05-08}}</ref>

In April 2020, [[Facebook, Inc|Facebook]] acquired a 9.99% stake in Jio Platforms for {{INRconvert|435.74|b}}.<ref>{{cite news |title=Facebook to buy 9.99% stake in Reliance Jio platforms for $5.7 billion |url=https://www.hindustantimes.com/business-news/facebook-to-buy-9-99-stake-in-reliance-jio-platforms-for-5-7-billion/story-GOKZW0Bl3zahYoG9FXrdTN.html |access-date=8 May 2020 |work=Hindustan Times}}</ref> According to this deal, while Jio Platforms retained {{INRConvert|149.76|b}}, the parent company got the remaining {{INRConvert|285.98|b}} for redeeming the optionally convertible preference shares it held in the subsidiary.<ref name=":2" />

In May 2020, private equity firm [[Silver Lake Partners]] obtained a 1.15% stake with a {{INRconvert|56.5575|b}} investment in the company.<ref>{{cite news |title=Private equity firm Silver Lake to invest Rs 5,655.75 crore in Reliance Jio Platforms |url=https://economictimes.indiatimes.com/tech/ites/reliance-says-silver-lake-to-invest-nearly-750-mln-in-its-digital-arm/articleshow/75526203.cms |access-date=8 May 2020 |work=Economic Times}}</ref> But unlike the previous transaction, the entire investment in this case was retained by Jio Platforms.<ref name=":2" /> [[General Atlantic]] then announced that it would invest {{INRconvert|65.988|b}} in Jio Platforms for a 1.34% stake in the company.<ref>{{cite news |title=General Atlantic to invest Rs 6,598.38 crore in Jio Platforms |url=https://economictimes.indiatimes.com/industry/telecom/telecom-news/general-atlantic-to-invest-rs-6598-38-crore-in-jio-platforms/articleshow/75789024.cms |access-date=27 May 2020 |work=The Economic Times |date=18 May 2020}}</ref> American PE firm [[Kohlberg Kravis Roberts|KKR]] acquired a 2.32% stake in Jio Platforms for {{INRconvert|113.67|b}}.<ref>{{cite news |last1=Tripathi |first1=Dhirendra |title=KKR to buy 2.32% Jio Platforms stake for ₹11,367 crore |url=https://www.livemint.com/news/india/kkr-to-buy-2-32-jio-platforms-stake-for-rs-11-367-crore-11590110379299.html |access-date=27 May 2020 |work=Livemint |date=22 May 2020 |language=en}}</ref>

In June 2020, Emirati sovereign fund [[Mubadala Investment Company|Mubadala]] confirmed that it would acquire a 1.85% stake in the company for {{INRconvert|90.936|b}}.<ref>{{cite news |title=Mubadala to buy 1.85% stake in Jio Platforms for ₹9093.6 crore |url=https://www.thehindu.com/business/Industry/mubadala-to-buy-185-stake-in-jio-platforms-for-90936-crore/article31753568.ece |access-date=4 June 2020 |work=The Hindu}}</ref> Silver Lake increased its stake to 2.08% with an additional {{INRconvert|45.47|b}} investment.<ref>{{cite news |title=Second mega Jio deal in a day: Silver Lake to invest additional ₹4,547 crore |url=https://www.livemint.com/companies/news/silver-lake-to-make-an-additional-investment-of-rs-4-547-cr-in-jio-platforms-11591375773983.html |access-date=7 June 2020 |work=Livemint}}</ref> [[Abu Dhabi Investment Authority]] then bought a 1.16% stake in the company for {{INRconvert|56.84|b}}.<ref>{{cite news |title=Jio Platforms Sells Rs 5,684-Crore Stake To Abu Dhabi Investment Authority |url=https://www.bloombergquint.com/business/jio-platforms-sells-rs-5684-crore-stake-to-abu-dhabi-investment-authority |access-date=7 June 2020 |work=Bloomberg Quint}}</ref> On 13 June, [[TPG Capital]], an investment company, took stake in Jio platform of 0.93% worth {{INRConvert|45.468|b}}.<ref>{{cite news |title=TPG to invest Rs 4547 cr in Jio Platforms for 0.9% stake; ninth deal by Jio in less than 2 months|url=https://www.cnbctv18.com/technology/tpg-to-invest-rs-4547-cr-in-jio-platforms-for-09-stake-ninth-deal-by-jio-in-less-than-2-months-6132641.htm
|access-date=17 July 2020 |work=CNBC TV18}}</ref>

[[L Catterton|Catterton]] also made an investment of {{INRConvert|18.945|b}} for a 0.39% stake.<ref>{{cite news |title=Jio-L Catterton deal: After TPG, L Catterton becomes 10th investor in Jio Platforms in historic fundraising by RIL unit|url=https://www.moneycontrol.com/news/business/companies/jio-l-catterton-deal-after-tpg-l-catterton-becomes-10th-investor-in-jio-platforms-in-historic-fundraising-by-ril-unit-5401251.html|access-date=17 July 2020 |work=Money Control}}</ref>

In June 2020, [[Saudi Arabia|Saudi Arabia's]] sovereign fund [[Public Investment Fund of Saudi Arabia|PIF]] confirmed that it would acquire a 2.32% stake in the company for {{INRconvert|113.67|b}}.<ref>{{cite news |title=Saudi Arabia's Public Investment Fund to buy 2.32% stake in Jio Platforms for ₹11367 crore |url=https://www.moneycontrol.com/news/business/jio-pif-deal-jio-platforms-gets-11th-investor-as-saudi-arabias-pif-joins-rush-for-ril-unit-5423201.html/amp |access-date=18 June 2020 |work=Money Contol}}</ref> In July 2020, [[Intel]] confirmed that it would acquire a 0.39% stake in the company for {{INRconvert|1.89|b}}.<ref>{{cite news |title=Intel-Jio deal: US semiconductor giant to invest Rs 1,894.5 crore in RIL unit|url=https://www.moneycontrol.com/news/business/companies/intel-jio-deal-us-semiconductor-giant-to-invest-rs-1894-5-crore-in-ril-unit-5501841.html| access-date=17 July 2020 |work=Money Contol}}</ref>

In July 2020, [[Qualcomm]] confirmed that it would acquire a 0.15% stake in the company for {{INRconvert|.730|b}}.<ref>{{cite web |title=RIL hits record high as Qualcomm invests Rs 730 crore in Jio Platforms; m-cap crosses Rs 12 lakh crore
|url=https://www.moneycontrol.com/news/business/stocks/ril-hits-record-high-as-qualcomm-invests-rs-730-crore-in-jio-platforms-m-cap-crosses-rs-12-lakh-crore-5539501.html|access-date=15 July 2020 |work=MoneyControl}}</ref>

This was followed by [[Google]] purchase of 7.7% stake in the company for {{INRconvert|337.37|b}}.<ref>{{cite news |title=Google to Invest Rs 33,737 Crore in Jio Platforms for 7.7% Stake, Mukesh Ambani Announces at RIL AGM|url=https://www.news18.com/news/business/google-to-invest-rs-33737-crore-in-jio-platforms-for-7-7-stake-mukesh-ambani-announces-at-ril-agm-2716973.html|access-date=15 July 2020 |work=News18}}</ref>

In June 2021, Jio Platform unveiled their Android smartphone named JioPhone Nex, with plans to launch in India by September 2021.<ref>{{Cite web|title=Google and India’s Jio Platforms announce JioPhone Next|url=https://social.techcrunch.com/2021/06/24/google-and-jio-platforms-announce-worlds-cheapest-smartphone-jiophone-next/|access-date=2021-06-24|website=TechCrunch|language=en-US}}</ref>

== Ownership ==
{| class="wikitable sortable"
!Company
!Equity Stake
!Company Owner
!Investor Portfolio
|-
|[[Reliance Industries]]
|67.03%
|[[Mukesh Ambani]]
|'''''Promoter'''''
|-
|Jaadhu Holdings LLC<ref name="Majumdar">{{Cite web|last=Majumdar|first=Romita|date=2020-07-11|title=Jio Platforms receives ₹30,000 crore from four investors|url=https://www.livemint.com/companies/news/jio-platforms-receives-of-rs-30-000-crore-from-four-investors-11594445924202.html|access-date=2021-02-15|website=mint|language=en}}</ref>
|9.99%
|[[Facebook, Inc.]]
|''Strategic Investor''
|-
|[[Google LLC]]
|7.73%
|[[Alphabet Inc.|Alphabet, Inc.]]
|''Strategic Investor''
|-
|[[Kohlberg Kravis Roberts|KKR & Co. Inc.]]
|2.32%
| -
|''Private Equity Firm''
|-
|[[Vista Equity Partners]]<ref>{{Cite web|title=10 deals in 53 days! Jio Platforms rakes in whopping Rs 1.04 lakh cr -- A timeline|url=https://www.businesstoday.in/current/corporate/10-deals-in-53-days-jio-platforms-rakes-in-whopping-rs-104-lakh-crore-here-timeline/story/406886.html|access-date=2021-02-15|website=www.businesstoday.in}}</ref>
|2.32%
|<nowiki>-</nowiki>
|''Private Equity Firm''
|-
|[[Public Investment Fund of Saudi Arabia]]
|2.32%
|[[Government of Saudi Arabia|Govt. of Saudi Arabia]]
|''Sovereign Wealth Fund''
|-
|SLP Redwood Co-Invest (DE), L.P.
| rowspan="2" |2.08%
| rowspan="2" |[[Silver Lake (investment firm)|Silver Lake]]<ref name="Majumdar"/>
| rowspan="2" |''Private Equity Firm''
|-
|SLP Redwood Holdings Pte. Ltd
|-
|[[Mubadala Investment Company|Mubadala Investment Company PJSC]]
|1.85%
|[[Abu Dhabi|Govt. of UAE]]
|''Sovereign Wealth Fund''
|-
|[[General Atlantic|General Atlantic Singapore]]<ref name="Majumdar"/>
|1.34%
| [[General Atlantic]]
|''Private Equity Firm''
|-
|[[Abu Dhabi Investment Authority]]
|1.16%
|[[Abu Dhabi|Govt. of Abu Dhabi]]
|''Sovereign Wealth Fund''
|-
|[[TPG Capital]]
|0.93%
| -
|''Private Equity Firm''
|-
|[[Intel Capital]]
|0.39%
|[[Intel|Intel Corporation]]
|''Strategic Investor''
|-
|Interstellar Platform Holdings Pte. Ltd.<ref name="Majumdar"/>
|0.39%
| [[L Catterton]]
|''Private Equity Firm''
|-
|[[Qualcomm|Qualcomm, Inc.]]
|0.15%
| -
|''Strategic Investor''
|-
|'''<big>Total</big>'''
|'''<big>100%</big>'''
|
|
|}

==Businesses==

=== Consumer Platforms ===
*[[Jio]], telecommunications and broadband services
*Jio Apps
**MyJio<ref>{{cite news |title=MyJio App - Manage Jio Account & Services Online|url=https://www.jio.com/en-in/apps/my-jio
|access-date=16 July 2020 |work=Jio.com|date=16 July 2020}}</ref>
**JioTV, live TV streaming app, launched on 5 September 2016
**[[JioCinema]], video-on-demand app<ref>{{cite news |title=JioCinema app: How to use, features and everything related to know|url=https://www.indiatoday.in/technology/features/story/jiocinema-app-how-to-use-features-and-everything-related-to-know-1423371-2019-01-04|access-date=16 July 2020 |work=India Today|date=16 July 2020}}</ref>
**[[JioSaavn]], an online music streaming service<ref>{{cite news |title=JioSaavn releases multi-platform experience with living search, elevated podcasts, and video experience|url=http://www.radioandmusic.com/biz/music/music-services/200602-jiosaavn-releases-multi-platform-experience|access-date=16 July 2020 |work=Radio And Music |date=16 July 2020}}</ref>
**[[JioChat]], messaging app<ref>{{cite news |title=JioChat messaging app now available on Android, iOS: Here's how to download and use it|url=https://www.indiatvnews.com/technology/apps-jiochat-whatsapp-clone-by-jio-in-india-what-is-it-how-to-use-how-to-download-on-android-ios-632943|access-date=16 July 2020 |work=India Tv News |date=16 July 2020}}</ref>
**[[JioMeet]], video-conferencing platform<ref>{{cite news|date=1 May 2020|title=Jio to launch video conferencing platform JioMeet to take on Google Meet, Zoom|language=en|work=Livemint|url=https://www.livemint.com/technology/tech-news/jio-to-launch-video-conferencing-platform-jiomeet-to-take-on-google-meet-zoom-11588324251469.html|access-date=19 June 2020}}</ref>
**JioStore, app store for Jio STB
**JioPages, web browser<ref>{{cite news |title=Jio Browser Launched for Android, Features Support for 8 Indian Languages|url=https://gadgets.ndtv.com/apps/news/jio-browser-android-launch-indian-language-support-1973792|access-date=16 July 2020 |work=Gadgets360|date=16 July 2020}}</ref>
**JioSwitch, file sharing app<ref>{{cite news |title=Jio के इस ऐप से चुटकियों में ट्रांसफर करें फोटो और वीडियो, जानें कैसे करता है काम|url=https://hindi.news18.com/news/tech/jio-switch-app-for-android-and-ios-users-by-which-you-can-transfer-media-files-in-seconds-here-is-how-you-can-use-it-1725076.html|access-date=16 July 2020 |work=News18 Hindi |date=16 July 2020}}</ref>
**JioNews, newspaper and magazine app<ref>{{cite news|date=1 May 2020|title=Reliance Jio launches JioNews, a one-stop platform for newspapers, magazines|language=en|work=Hindustan Times|url=https://tech.hindustantimes.com/tech/news/jio-app-update-jionews-app-launched-for-android-ios-story-C6i9DlKcaxBZ4xFHEDgtPM.html|access-date=16 July 2020}}</ref>
**JioHome, mobile remote control for Jio set-top box<ref>{{cite news|date=16 July 2020|title=Download Jio Home Mobile App for your home remote control|language=en|work=Youth Apps|url=https://www.youthapps.in/2019/09/download-jio-home-mobile-app-for-your-home-remote-control.html?m=1|access-date=16 July 2020}}</ref>
**JioGate, apartment security app<ref>{{cite news |title=Jio to Launch Apartment Security Service Called Jio Gate, Official Apps Listed Online|url=https://gadgets.ndtv.com/apps/news/jio-gate-reliance-apartment-visitor-security-management-upcoming-2094971|access-date=16 July 2020 |work=Gadgets360|date=16 July 2020}}</ref>
**JioCloud, cloud storage services<ref>{{cite news |title=What is Reliance Jio Cloud Storage in Hindi|url=https://www.techno2hindi.in/2018/10/what-is-reliance-jio-cloud-storage-in-hindi.html|access-date=16 July 2020 |work=Techno2hindi|date=16 July 2020}}</ref>
**JioSecurity, security app<ref>{{cite news |title=Know about JioSecurity, how to install it on Android device|url=https://www.indiatoday.in/information/story/know-jiosecurity-how-install-android-device-1623446-2019-11-28|access-date=16 July 2020 |work=India Today|date=16 July 2020}}</ref>
**JioHealthHub, health companion<ref>{{cite news |title=Reliance Jio launches new medical and fitness app 'JioHealthHub' for the health conscious|url=https://www.india.com/technology/reliance-jio-launches-new-medical-and-fitness-app-jiohealthhub-for-the-health-conscious-1763282|access-date=16 July 2020 |work=India Today|date=16 July 2020}}</ref>
**JioPOS Lite, Jio recharge commission earning app<ref>{{cite news |title=Reliance Jio launches JioPOS Lite app that lets you earn commission on every recharge|url=https://www.firstpost.com/tech/news-analysis/reliance-jio-launches-jiopos-lite-app-that-lets-you-earn-commission-on-every-recharge-8247331.html|access-date=15 July 2020 |work=Firstpost |date=15 July 2020}}</ref>
**JioGameslite, online gaming<ref>{{cite news |title=Jio Games features announced at Reliance AGM 2019|url=https://www.bgr.in/gaming/jio-games-features-announced-at-reliance-agm-2019-842784|access-date=15 July 2020 |work=BGR|date=15 July 2020}}</ref>
*JioMoney, digital currency and payments services<ref>{{cite news |title=Jio Platforms Primed to Play Pivotal Role in Indian Tech Space with Recent Investments |url=https://www.news18.com/news/tech/jio-platforms-primed-to-play-pivotal-role-in-indian-tech-space-with-recent-investments-2625947.html |access-date=27 May 2020 |work=News18 |date=18 May 2020}}</ref>
*[[JioMart]], online grocery delivery services (partnership with [[Reliance Retail]])<ref>{{cite news |title=JioMart app makes debut on Google Play Store for Android users|url=https://m.timesofindia.com/gadgets-news/jiomart-app-makes-debut-on-google-play-store-for-android-users/amp_articleshow/77025120.cms|access-date=18 July 2020 |work=The Times of India|date=18 July 2020}}</ref>

=== Enterprise Platforms<ref>{{Cite web|last1=DelhiMarch 9|first1=India Today Tech New|last2=March 9|first2=2021UPDATED|last3=Ist|first3=2021 18:19|title=Jio launches special JioFiber Business plans for traders and companies, here are all pricing details|url=https://www.indiatoday.in/technology/news/story/jio-launches-special-jiofiber-business-plans-for-traders-and-companies-here-are-all-pricing-details-1777371-2021-03-09|access-date=2021-03-10|website=India Today|language=en}}</ref> ===

* JioAttendance
* JioMeet for Business
* JioOnline - Online marketing tool
* JioGST<ref>{{Cite news|title=Reliance Jio rides high on GST, comes out with JioGST starter kit|work=The Economic Times|url=https://economictimes.indiatimes.com/news/economy/policy/reliance-jio-rides-high-on-gst-comes-out-with-jiogst-starter-kit/articleshow/59472930.cms|access-date=2021-03-10}}</ref>

===Acquisitions and investments===
{{expand list|date=May 2020}}
RIL has acquired or invested in several companies, which are now under Jio Platforms:<ref>{{cite news |title=Valuation of Jio's digital business expected to improve, say analysts |url=https://www.business-standard.com/article/companies/valuation-of-jio-s-digital-business-expected-to-improve-say-analysts-119103001676_1.html |access-date=8 May 2020 |work=Business Standard}}</ref>

{| class="wikitable"
|-
! Name
! Type
! Amount
! Stake
!Ref
|-
| [[Haptik]]
| AI-based conversational platform
| US$100 million<ref>{{cite news |title=Reliance Jio arm acquires 87% in AI chatbot firm Haptik Infotech|url=https://www.livemint.com/companies/news/reliance-jio-arm-acquires-87-in-ai-chatbot-firm-haptik-infotech-1554306574585.html|access-date=3 April 2019 |work=Livemint}}</ref>
| 87%
|
|-
| Embibe
| AI-based educational platform
| US$180 million
| 72.69%
|
|-
| [[Radisys]]<ref>{{cite news |title=RELIANCE INDUSTRIES TO ACQUIRE RADISYS|url=https://www.radisys.com/press-releases/reliance-industries-acquire-radisys|access-date=16 July 2020 |work=Radisys}}</ref>
| Telecommunication technology
| US$75 million
| 100%
|
|-
| Reverie language technologies Ltd
| Vernacular chatbot & Speech Technologies
| US$35 million
| 83.3%
|
|-
| Grab-a-Grub
| Delivery services
| US$30 million
| 83%
|
|-
| Fynd
| Analytics
| US$15 million
| 87%
|
|-
| EasyGov
| Citizen convenience services
| US$10 million
| 83%
|
|-
| Asteria Aerospace
| Drone technology
| US$3.3 million
| 51.78%
|
|-
| Netradyne
| AI services
|
| 37.4%
|
|-
|Tesseract
|Mixed Reality
|IN₹10.12 crore
|92.7%
|
|-
|SankhyaSutra Labs
|Simulation Services
|
|83%<ref>{{cite news |title=To boost e-comm play at bottom, RIL acquires Reverie, EasyGov and Sankhya Sutra Labs|url=https://entrackr.com/2019/03/ril-stake-reverie-easygov-sankhya-sutra/|access-date=4 March 2019 |work=Entrackr}}</ref>
|
|-
|Vitalic Health (Netmeds, Tresara, and Dadha Pharma)
|Online Pharmacy
|US$83.2 million
|60%
|<ref>{{Cite web|title=India's Reliance Retail acquires a majority stake in online pharmacy Nedmeds' parent firm for $83.2M|url=https://social.techcrunch.com/2020/08/18/indias-reliance-retail-acquires-a-majority-stake-in-online-pharmacy-nedmeds-for-83-2m/|access-date=2021-03-10|website=TechCrunch|language=en-US}}</ref>
|-
|C-Square
|Pharmaceutical technology platform
|
|82%
|<ref>{{Cite web|title=Mukesh Ambani on shopping binge; Reliance buys into 23 firms in 3 years|url=https://www.businesstoday.in/current/corporate/mukesh-ambani-reliance-industries-23-start-ups-ril-future-group-tiktok/story/414468.html|access-date=2021-03-10|website=www.businesstoday.in}}</ref><ref>{{Cite web|last=Pathak|first=Kalpana|date=2020-08-20|title=Netmeds deal expands Reliance's healthcare portfolio|url=https://www.livemint.com/companies/news/netmeds-deal-expands-reliance-s-healthcare-portfolio-11597890502411.html|access-date=2021-03-10|website=mint|language=en}}</ref>
|-
|KareXpert
|Digital Healthcare Platform for Hospitals
|IN₹10crore
|
|<ref>{{Cite web|last=Pathak|first=Kalpana|date=2018-05-23|title=Reliance Industries unit invests Rs10 crore in KareXpert Technologies|url=https://www.livemint.com/Home-Page/qhu2lKWrQqHVFTegT5Q1aI/RIL-subsidiary-invests-Rs10-crore-in-KareXpert-Technologies.html|access-date=2021-03-10|website=mint|language=en}}</ref>
|-
|Videonetics
|Video surveillance technology
|
|
|<ref>{{Cite news|last=Chanchani|first=Madhav|title=Reliance's GenNext ventures backs surveillance solution company Videonetics|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/software/reliances-gennext-ventures-backs-surveillance-solution-company-videonetics/articleshow/37157298.cms|access-date=2021-03-10}}</ref>
|-
|Covacsis Technologies
|IOT
|
|
|<ref>{{Cite news|last=Chanchani|first=Madhav|title=Covacsis gets funds from Reliance Industries, Cisco venture capital arms|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/ites/covacsis-gets-funds-from-reliance-industries-cisco-venture-capital-arms/articleshow/35915616.cms?from=mdr|access-date=2021-03-10}}</ref>
|-
|NEWJ
|Media
|IN₹5crore
|
|<ref>{{Cite web|last=Upadhyay|first=Harsh|date=2019-09-07|title=Reliance invests Rs 5 Cr in text-based video media startup NEWJ|url=https://entrackr.com/2019/09/reliance-invests-rs-6-cr-media-startup-newj/|access-date=2021-03-10|website=Entrackr|language=en-US}}</ref>
|-
|}

==Valuation==
In May 2020, the [[enterprise value]] of Jio Platforms was estimated to be {{INRconvert|5.15|t}}.<ref>{{cite news |title=What makes Jio Platforms command a ₹5 trillion valuation |url=https://www.livemint.com/companies/news/what-makes-jio-platforms-command-a-rs-5-trillion-valuation-11588736360741.html |access-date=8 May 2020 |work=Livemint}}</ref> The company was also reported to be more valuable than all other businesses of RIL put together.<ref>{{cite news |title=Jio Platforms now more valuable than rest of RIL businesses put together |url=https://www.business-standard.com/article/companies/jio-platforms-now-more-valuable-than-rest-of-ril-businesses-put-together-120042201748_1.html |access-date=8 May 2020 |work=Business Standard}}</ref> Its [[market capitalization]] put it fourth on the list of largest Indian companies, behind RIL (combined entity), [[Tata Consultancy Services]] and [[HDFC Bank]].<ref name=":0">{{cite news |title=RIL gains 4% after Vista Equity's investment in Jio Platforms: Know more about the deal |url=https://www.cnbctv18.com/market/stocks/ril-gains-4-after-vista-equitys-investment-in-jio-platforms-know-more-about-the-deal-5873261.htm |access-date=8 May 2020 |work=CNBC TV18}}</ref>

==See also==
* [[List of telecom companies in India]]
* [[List of companies of India]]

==References==
{{reflist}}

==External links==
* [https://www.jio.com/ Jio Official Website]

{{Reliance Industries Limited}}

[[Category:Reliance Industries subsidiaries]]
[[Category:Indian companies established in 2019]]
[[Category:Jio]]
[[Category:2019 establishments in Maharashtra]]
[[Category:Companies based in Mumbai]]

Jio Platforms - Revision history

CleanupBot at 17:51, 1 January 2022