Reliance Jio's latest acquisition is a $100M bet on the future of internet users in India

Reliance Jios latest acquisition is a $100M bet on the future of internet users in India

  • Reliance Jio, the telecom operator that has revolutionized India with its generous data plans, has its eye on the next generation of internet users with its latest acquisition.
  • Haptik will continue to offer its enterprise service - which helps corporations develop and roll out voice- and text-based platforms - but it will also focus on helping Jio reach an increased audience of consumers in India, Haptik co-founder Aakrit Vaish told TechCrunch in an interview.
  • Vaish said Haptik wasn't under pressure to sell but the team found an "ideal match in terms of philosophy" with Jio, which is also exploring alternative ways to enable consumers to interact with its devices and service.
  • Beyond big companies, vernacular language apps like ShareChat - which drew investment from Xiaomi - and Velo from China's ByteDance as seen as platforms that'll be increasingly influential as internet access widens in India.


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