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Startups

Google-Reliance partnership heats up Indian e-commerce race

Local startups to find new funding strategies amid rising Indo-China hostility

Google announced it would invest $4.5 billion in Reliance Industries' Jio Platforms on July 15.   © Reuters

TOKYO -- Google's surprise decision announced on July 15 to invest $4.5 billion into Jio Platforms, the digital business arm of India's biggest family-owned conglomerate Reliance Industries, has so far not been accompanied by any announcement on Google's role in Reliance's newly-developing online retail business, dubbed JioMart.

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