Facebook invests $5.7B in India

Facebook invests $5.7B in India’s Reliance Jio Platforms

Facebook is making a big investment in Indian giant Reliance Jio. Facebook will invest Rs 43,574 crore in Jio. This is by far the largest foreign investment in India's technology sector. The coming together of Facebook and Reliance Jio is important in many ways. Users will also benefit greatly from this deal. Here we are telling you about 5 big things of this deal, which are directly related to you.
1. Super app can come

Facebook and Reliance Industries together can bring a superapp. It will be a multi-purpose application, on which users will not only be chatting but will also be able to buy groceries from Reliance retail stores, shop from ajio.com and also make payments through Jio Money. In this, the support of Whatsapp platform and user base will be taken.


WhatsApp's 400 million users in India

2. WhatsApp and Geomart will work together

Reliance launched its new e-commerce venture JioMart on December 31 last year to compete with Amazon and Flipkart. After this investment, it will be easy to bring Facebook and WhatsApp users to Geomart. Geomart is an online grocery delivery platform through which users will be able to order goods online from local grocery shoppers. Shopkeepers will be able to register on Geomart and will receive orders from customers through WhatsApp. WhatsApp will be used for digital transactions at Geomart.

3. Large userbase

As of June 2019, Facebook had over 24 crore active users in India. These are the most users of Facebook in any country. At the same time, Facebook-owned messaging app WhatsApp also has 40 crore users in India and Instagram has more than 8 crore users in India. At the same time, Reliance Jio Infocomm Limited has 388 million customers. In this way, the partnership of Facebook and Jio creates a large userbase. Through this, these two companies will be able to compete with any rival platform like Tick Talk.


38 million 80 million subscribers of Reliance Jio

4. On WhatsApp, live money

These days there is also a lot of craze for online payment. All companies are adding this feature to their apps. Reliance Jio has a JioMoney app for online payment, while WhatsApp is also going to bring digital payment platform Whatsapp Pay. Once WhatsApp is approved in India, it will be able to compete with companies like Google Pay, Amazon Pay, and Paytm with Jio Money.

5. Digital India will get a boost

India is the second-largest internet market in the world after China. The number of Internet users in India is expected to reach 85 crores by 2022. It is believed that this deal will also give a boost to the Digital India campaign in India. On the partnership with Facebook, Reliance Industries Limited Chairman Mukesh Ambani said, "The synergy between Jio and Facebook will help in realizing Prime Minister Narendra Modi's dream of Digital India."