The Indian internet giant has been grabbing the attention of high profile investors around the globe. Recently, chipmaker giant INTEL joins the list following Facebook. INTEL has confirmed that it will invest $253.5 million in the Jio Platform.
Mukesh Ambani, owner of Reliance Platform – the parent firm of Jio Platform- says he was very elevated to work together with INTEL and he believes the INTEL working pattern with cutting edge technology would help to uplift the economy and overall quality of life of all the Indians.
Apart from INTEL, another high profile investor including KKR, Silver Lake, Facebook has already made it to the list of organization who are funding the Indian internet giant. Jio has got a huge user base of 388 million people in a short amount of time after it’s launched in 2016 making it India’s largest telecom provider. They have expected to cross the 500 million user base by 2023.
Wendell Brooks, Intel Capital President says, Intel aligning with Digital service to Indian will help the Intel purpose of delivering the breakthrough technology that enriches lives as they believe digital access and data can transform business and society for the better.