Reliance Industries and JioGenNext acquisition of stakes in tech startups

NEW DELHI: Over the last few years, Reliance Industries has opened the doors for startups extending technological and financial help through a spate of acquisitions in a variety of new age companies in all spheres.

The intent was cleared by chairman Mukesh Ambani in an AGM (43rd) speech in 2020 when he said There is “no better partner for Indian startups than Jio”. The oil- to-technology behemoth wants to create an ecosystem to help Indian startups grow faster, with both technology and financial support, he said.