Jio Platforms is a wholly-owned subsidiary of Reliance Jio and provides mobile network services across India. The company grew rapidly over the last four years to become the leading cellular network in the country. It has 388 million subscribers, a key operating metric cited in the article. Jio is also developing small-business commerce infrastructure—notably the Reliance Retail New Commerce platform, JioMart—built with millions of small merchants and kirana shops. The company is positioning that platform to enable transactions and home delivery through local merchants. A recent strategic partnership with Facebook aims to integrate Jio’s small-business platform with WhatsApp to allow purchases directly on the messaging service.

Total raised

$5.7B

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2020