Google is the latest corporate to throw its weight behind Reliance Industries' digital services spinoff whose shareholders already include Intel, Qualcomm and Facebook.

Internet technology provider Google has agreed to invest $4.5bn in Jio Platforms, the digital services spinoff of diversified India-based conglomerate Reliance Industries, Bloomberg reported today.

Google, part of internet and technology conglomerate Alphabet, will take a 7.7% stake in Jio and plans to collaborate with it on the development of technology including an affordable entry-level smartphone. Alphabet announced plans recently to invest $10bn in India in the next five to seven years.

Jio operates a mobile network and broadband…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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