Published On: Sat, Jun 20th, 2020

How Reliance Jio Platforms became India’s biggest telecom network

It’s lifted $5.7 billion from Facebook. It’s taken $1.5 billion from KKR, another $1.5 billion from Vista Equity Partners, $1.5 billion from Saudi Arabia’s Public Investment Fund, $1.35 billion from Silver Lake, $1.2 billion from Mubadala, $870 million from General Atlantic, $750 million from Abu Dhabi Investment Authority, $600 million from TPG, and $250 million from L Catterton.

And it’s finished all that in only 9 weeks.

India’s Reliance Jio Platforms is a world’s many desirous tech company. Founder Mukesh Ambani has done it his dream to yield any Indian with entrance to affordable and extensive telecommunications services, and Jio has so distant proven successful, attracting scarcely 400 million subscribers in only a few years.

The forlorn expansion of Reliance Jio Platforms, a auxiliary of India’s most-valued organisation (Reliance Industries), has repelled rivals and spooked unfamiliar tech companies such as Google and Amazon, both of that are now reportedly eyeing a cut of one of a world’s largest telecom markets.

What can we learn from Reliance Jio Platforms’s growth? What does a destiny reason for Jio and for India’s tech startup ecosystem in general?

Through a array of reports, Extra Crunch is going to examine those questions. We formerly profiled Mukesh Ambani himself, and in today’s installment, we are going to demeanour during how Reliance Jio went from a telco pretender to a widespread tech association in 4 years.

India’s richest male built a telecom user everybody wants a square of

The birth of a new empire

Months after India’s richest man, Mukesh Ambani, launched his telecom network Reliance Jio, Sunil Mittal of Airtel — his arch opposition — was struggling in open to enclose his frustration.

That Ambani would try to win over subscribers by charity them giveaway voice job wasn’t a surprise, Mittal pronounced during a World Economic Forum in Jan 2017. But creation voice calls and a bulk of 4G mobile information totally giveaway for 7 months clearly “meant that they have not gotten a courtesy they wanted,” he said, carefree a internal regulator would shortly intervene.

This wasn’t a initial time Ambani and Mittal were competing directly opposite any other: in 2002, Ambani had launched a telecommunications association and sought to win a marketplace by distributing giveaway handsets.

In India, conduit lock-in is not renouned as people cite pay-as-you-go voice and information plans. But luckily for Mittal in their initial go around, Ambani’s tour was cut brief due to a family argument with his hermit — review some-more about that here.

About the Author