InvestorQ : Do you see Jio catalyzing the start-up environment in India?
Dawn Cherian made post

Do you see Jio catalyzing the start-up environment in India?

Answer
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Dilmini Mercia answered.
4 months ago


In the last 7 weeks, Reliance has monetized the assets of Jio Platforms to the tune of nearly Rs.1 trillion by selling 21% stake in the company. That gives a valuation of $65 billion to Jio which puts it in the top 5 more valuable companies in India. All this was done in the midsit of one of the worst COVID-19 related lockdowns in India. Will this catalyze the start-up environment in India? That is a billion dollar question and the answer could be “Yes”.

Jio has been one of the youngest unicorns in the world with a DNA that is redefining the DNA of the It is one of the world’s youngest unicorns, with a DNA all its own. It has tried to combine the swiftness of a start-up with the execution capabilities of RIL. Jio could actually provide a model or paradigm for other start-ups in India on how to survive and thrive in such trying times through flawless execution. It could be Lesson-101 for start-ups.