Reliance Industries Chairman Mukesh Ambani laid down the roadmap for India's largest conglomerate at its 43rd Annual General Meeting (AGM) on July 15. With one eye on consolidating Jio's presence in the digital and consumer tech space and another on spearheading India's foray into the 5G age, which is bound to have a massive impact on the Indian startup ecosystem.
As Google has joined the Jio Platforms bandwagon with an investment of Rs 33,737 crore for 7.7 percent stake, Facebook and Jio have voiced their vision towards digitally empowering consumers. JioMart and WhatsApp will be working closely to create growth opportunities for millions of small Indian merchants to enable customers to seamlessly transact with kirana stores. Here Ambani echoed PM Modi's 'Atmanirbhar Bharat' vision and announced that JioMeet has already garnered over 5 million downloads.
To discuss the impact of the announcements on the startup landscape Megha Vishwanath gets in conversation with Padmaja Ruparel, co-founder of Indian Angel Network, Sanjay Nath who is the co-founder and managing partner of Blume Ventures and Mohandas Pai, Chairman of Aarin Capital.Watch the video for more.