Reliance Jio is a sensation in India during the demonetization time. Jio completely swiped other telecom operators in India, providing the best services at the most affordable rates. This made Jio come to the top at a very short span and the company is now in the process of expansion towards e-commerce.
Jio Mart is gaining popularity and India is witnessing the highest rate of digital transformation. Most of the Indians are now preferring to buy products online rather than buying in the shops. Considering the trend in digital space, US investment firms are investing heavily in Jio.
Recently an American firm, General Atlantic invested 6598 Crores for 1.34% stake in the company. Prior to General Atlantic, American firms Facebook, Silver Lake and Vista Equity invested almost 61600 Crores in the company. This sort of investment in Jio is bringing fear among the competitors. As data privacy of Indians will be at risk to some extent, “Will Indian Government restrict the foreign investment?” is yet to be known.