[The Outline By Inc42 Plus] Can Jio Stitch Itself Together?
The Jio juggernaut rides on the hope of integrating its multiple acquisitions and telecom successDear subscriber,Reliance’s funding onslaught continues unabated in 2020 and so does its acquisition spree. Even as it is locked in a legal tussle with Amazon over Future Group, the acquisition of a distressed Urban Ladder has raised a few eyebrows. But what’s becoming apparent is that the oil-to-telecom conglomerate is completing the last leg of the preparations for an entry into the ecommerce sector. Reliance’s shopping binge began with acquisitions in B2B technology and telecom connectivity — AI-based chatbot maker Haptik, cable broadband companies DEN, Hathway and Datacom, last mile delivery fleet Grab A Grub, omnichannel ecommerce enabler Fynd, AR/VR software and hardware maker Tesseract, among others. The second thrust was towards content companies — music streaming platform Saavn, entertainment companies Eros and Balaji Telefilms, and edtech startup Embibe coming on board to supplement Jio’s data plans with content