According to Facebook CEO Mark Zuckerberg, the recent investment of over Rs 430 billion in Jio Platforms will help the company build similar products for the other key markets around the world.
Thus, all the products and technologies that will be developed to take the Jio partnership forward would later on also be extended to other markets.
As far as the partnership in itself is concerned, industry analysts believe that Facebook’s investment in Reliance Jio is time appropriate and can potentially yield great results.
Reliance Jio has a massive retail infrastructure and pan-India presence. Moreover, given that the grocery business is booming worldwide in these social distancing times, the timing couldn’t be any better.
