RIL outlines key data monetisation drivers of Jio Platforms

Following the high profile investments by global VCs in Jio Platforms, parent Reliance Industries Limited outlined some of the larger digital capacities of the company including focus on small and medium businesses (SMBs) in their annual report released today. The company also noted the formation of a new business segment to synchronise the data from Reliance Retail and Reliance Jio into financial service offerings.

The combined capital raised has no precedence globally in such a short time, said RIL Chairman Mukesh Ambani in a note to investors.

“Recognising the pivotal role of Reliance Jio in India’s digital transformation, global technology giants Microsoft and Facebook have partnered with us. With Facebook, the strategic focus of the partnership is India’s Micro, Small and Medium Enterprises (MSMEs), farmers, small merchants and Small and Medium Enterprises (SMEs) in the informal sector,” wrote Ambani.