Reliance Industries to invest Rs 5,000 crore in digital startups

group would invest Rs 5,000 crore in Indian startups over the next five years. The investment to be channelled through Jio Digital India Startup fund will be mostly directed at digital and internet startups to create unique solutions for India as part of the country’s largest business conglomerate’s move to become a communication behemoth.
“We also have plans to partner with thousands of Indian entrepreneurs, whose digit ..

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Reliance has already begin exploratory talks with the country’s two biggest startups — online retailer Flipkart and ride hailing app Ola — for potential integration of their services with Reliance’s mobile service Jio, four people aware of the development told ET.

Reliance, Flipkart and Ola did not reply to email queries sent by ET as of press time on Thursday.