Not just Facebook's Jio investment, WhatsApp & Reliance Retail announce big partnership

As Facebook anunced its investment in Mukesh Ambani-led Reliance Jio, WhatsApp and Reliance Retail Limited have also entered into a commercial partnership agreement. According to official release, two have partnered up to accelerate Reliance Retail's new Commerce Business- JioMart, by using Facebook-owned WhatsApp and to support small businesses on platform. 

According to release, JioMart is being built in partnership with millions of small merchants and Kirana shops in order to empower m to serve needs of Indian consumers in a better way. WhatsApp and JioMart will be working closely to ensure that consumers are being able to access nearest Kirana stores who can provide products and services to ir homes by transacting seamlessly with JioMart by using WhatsApp. 

"Concurrent with investment, Jio Platforms, Reliance Retail Limited (“Reliance Retail”) and WhatsApp have also entered into a commercial partnership agreement to furr accelerate Reliance Retail’s New Commerce business on JioMart platform using WhatsApp and to support small businesses on WhatsApp. WhatsApp alrey plays an important role in helping people and businesses connect in India. Reliance Retail’s New Commerce platform, JioMart, is being built in partnership with millions of small merchants and kirana shops to empower m to better serve needs of Indian consumers. companies will work closely to ensure that consumers are able to access nearest kiranas who can provide products and services to ir homes by transacting seamlessly with JioMart using WhatsApp," statement said.

Facebook anunces investment

Techlogy giant Facebook on Wednesday anunced an investment worth Rs 43,574 crore in Mukesh Ambani-led Reliance Jio. investment allows American firm to pick up 9.99% in Jio. RIL in a statement said that an agreement h been reached with Facebook for a major investment, which values Jio at Rs 4.62 lakh crore.

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It stated that investment is "largest investment for a mirity stake by a techlogy company anywhere in world and largest FDI in techlogy sector in India". Furr, it stated that it will accelerate "India’s all-round development, fulfilling needs of Indian people and Indian ecomy."

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In an official release, Mukesh Ambani, Chairman of RIL said, "All of us at Reliance are refore humbled by opportunity to welcome Facebook as our long-term partner in continuing to grow and transform digital ecosystem of India for benefit of all Indians. synergy between Jio and Facebook will help realize Prime Minister Shri Narendra Modi’s ‘Digital India’ Mission with its two ambitious goals — ‘Ease of Living’ and ‘Ease of Doing Business’ – for every single category of Indian people without exception." 

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