Why was Jio's $25 billion bet in 2016 considered a reckless and overly ambitious move? but turned out to be a game changing move for india Reliance Industries Limited's split gave Mukesh Ambani legacy businesses of petro while Anil got future looking telecom/finserv Anil was the future, Mukesh legacy. Mukesh wasn't even allowed to get into telecom for years Incredible how Mukesh made the most of the hand he was played to build Jio. Jio was a $25Bn bet in 2016, gigantic and unprecedented It seems trivial today, but moving India to mobile internet wholesale wasn't trivial The bet could have gone south, possibly crippling Reliance Instead, India is now the highest consumer of mobile data at 12GB/mo Iconic And the whole new era emerges: New India: The Jio effect - Uber driver - Watching IPL live - Flawless streaming - Tuned into Jio Cinema - TV added in a low-priced car We don't appreciate how incredible this in a "developing" country India tech is transforming employment, entertainment and comfort. read more about jio here by Aviral Bhatnagar https://lnkd.in/guyPafza
The new India happened with 4G not Jio specifically. Streaming and Ubers etc were bound to happen However the low prices which Jio used to capture market brought the new era because it made 3G seem worthless at its pricepoint. This would not be possible in a "developed" country and in fact the fact that we were developing as the country with the youngest population made it possible
Yeah, the vertical integration they have is crazy !
That's why we call Mota bhai !
While everyone focused on Anil getting the "future-proof" businesses, Mukesh turned a traditional petrochemical empire into India's digital backbone. The $25B bet on Jio wasn't just about telecom - it was about democratizing internet access and catalyzing a digital revolution that transformed how 1.4 billion Indians live, work, and consume. From street vendors using UPI to rural students accessing online education, Jio's impact on social mobility and digital inclusion is unmatched. Sometimes the biggest risks lead to the most transformative outcomes. This wasn't just business success - this was nation-building.
When you have the PM himself as your son and holding your hand at the cost of making the population poorer, you can make any bets you want.
With the bet on new Energy business , Reliance is poised to again rewrite history.
Wow, Mukesh Ambani really hit the jackpot with Jio! It's amazing how a $25 billion bet turned out to be a game changer for India. I guess we can say that Jio really jio-ed up the telecom industry! 😉📱 #JioEffect #IndiaTech #GameChanger
Jio ’s $25 billion bet in 2016 wasn’t just a risk; it was a vision for a connected India. It’s incredible to see how this move transformed India into the highest consumer of mobile data globally. A true revolution in tech, entertainment, and employment!