Facebook and Jio deal (complete information).
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Jio Platform Ltd(JPL) equity value- 4.36 trillion after facebook's investment in Jio.
Enterprise value of Reliance Jio- 4.62 trillion.
Facebook and Jio deal unlocks opportunity of business to small businesses also. Facebook and jio deal will provide employment to more than 60 million people across India.
Facebook and Jio Business Model -
Approx 3 crore small stores will be connected digitally to customers. Customers and retailer interaction will be done on WhatsApp(automated text messaging) and customer will be connected to Jio Mart using WhatsApp for placing orders in kirana stores . Delivery of products and services will be fast and free by these small kirana stores (located in neighborhood).
Facebook and jio business deal will provide employment to many unemployed Indians.
WhatsApp user base is more than 400 million in India. This platform will provide a great opportunity to small traders, because whatsApp is easy to use.
Silver Lake buys stake in Reliance Jio-
- US based Silver lake buys stake in Reiance Jio for 5,655.75 crore (1.15% stake).
- Facebook invested 43,574 crore in jio and Silver Lake invested 5,655.75 crore in jio.
- Silver lake deals comes in less than 15 days of facebook buying 9.99% stake in jio.
- Silver lake is an american private equity firm and is among the largest technology investing comapany. Silver lake had earlier invested in many companies like twitter, airbnb, alibab, dell.
Super Apps-
- Super app is an app which integrate multiple app functions in order to become a multipurpose app(super app). Functions which can be integrated are chat function (for customer interaction), online shopping, payment options.
- Before talking about Jio Mart, let us get to know about Wechat. Wechat is a super app used in China. User base of Wechat is 1000 million. It provides many functions like money transfer, movie tickets, city services, taxi booking etc.
- Paytm aims to become a super app. Paytm also provides many function together in one app like- UPI, netbanking, Credit/Debit payment, movie ticket bookings, petrol pump, metro card recharge etc.
- Jio Mart- Jio grocery shopping services.
Customers and traders will be easily connected to Jio Mart using WhatsApp (Automated text messaging).
Jio plans to link 3 crore retailers to local jio subscribers across India. Big Basket, Grofers and other online grocery apps will be dented.
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