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Google invests half of its India Digitisation Fund in Jio for 7.73% stake

Google has announced that they’ve reached an agreement with Jio Platforms Ltd to invest $4.5 billion (INR 33,737) crore for a 7.73 percent stake in the company. The deal will be finalised following the regulatory review in India.

This is their first investment as a part of the Google for India Digitisation Fund announced earlier this week where the company projected INR 75,000 crore (roughly $10 billion) investment into the Indian market over the next 5-7 years.

Google’s $4.5 billion investment in Jio uses up almost half of the fund that the company allocated to help empower businesses in India’s digital future.

The two companies will be collaborating to develop an entry-level smartphone that runs an optimised Android OS and Play Store — something the company already offers via its Android Go line of smartphones.

It’s funny how Google used up almost half of that projected investment fund for the next five to seven years within the first week on a single investment, in a company that happens to be owned by the richest person in the country.

The Google for India Digitisation Fund is aimed at enhancing four core areas, which included enabling affordable access to devices and information in native Indian languages such as Hindi, Punjabi and Tamil, among others and this deal with might fulfil this aim.

India's internet boom can be credited to only one factor and that is Reliance Jio. Before Jio disrupted the market, things were a bit slow in the internet sector in India. Reliance Jio offered low rates and high speed which eventually led other networks to follow suit -- beginning sort of an internet revolution. In this article, we've explained how to do check Jio account and net balance via the IVR, MyJio app, website and SMS, followed by a list of all Jio USSD codes that'll be helpful in activating or deactivating various services as well as checking bill and balance. Check the account and net balance via IVR calling This is the easiest way to learn your account and net balance in Jio. Dial 1299 from your registered mobile number. The call will automatically disconnect and you will receive an SMS with the details of your account and net balance. Check the account and net balance via MyJio app You can also check the balance via the MyJio app. Usually, this app comes pre-installed in the Jio phones. On other phones, you can download this app from the respective OS marketplace like Play Store and App Store. Upon launching the MyJio app, you will see the expiry date of your account as well as the internet balance on the home screen. This app is designed for the convenience of the Jio users and thus you can recharge your Jio number as well as can talk to the Jio caller centre via this app. Check the balance and net balance via the website Here are the steps to check the balance via the Jio website. Go to Jio.com and then click on the Sign-in option at the top right and then click on mobile. Enter your mobile number that is currently registered with Jio. You will receive an OTP on the number. Now, you can see your balance details from the website. The website shows you the balance as well as the net balance on your device. Check account balance via SMS (only for postpaid customers) If you are a postpaid user of Jio, you can send the following SMS via your registered mobile phone: BILL to 199.  You will receive all the information regarding your postpaid account. Jio USSD codes Following are the USSD codes of Jio. Also read: How to activate, change and remove Jio caller tune?

“We’ve been humbled by the way Indians have embraced Android over recent years. We think the time is right to increase our commitment to India significantly, in collaboration with local companies, and this partnership with Jio is the first step. We believe the pace of Indian innovation means that the experiences we create for India can ultimately be expanded to the rest of the world,” Google announced.

The digitisation fund also aims to create new products and services that are relevant to the need of Indian consumers, empower businesses as they transform to the digital ecosystem and leverage the use of AI and other developing techs in areas like health, education and agriculture.

Jio’s disruption in the Indian telecom market in late 2016 drove internet data prices down significantly at unprecedented rates countrywide and forced some companies like Vodafone and Idea to join hands to survive the new market force.

With a new smartphone in collaboration with Google specifically made for the needs of Indian consumers, Jio could yet again disrupt the Indian smartphone consumer market and bring internet access to even more people across the country.

“We look forward to bringing smartphone access to more Indians—and exploring the many ways we can work together to improve Indians’ lives and advance India’s digital economy.”

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