StartupsET Techabout 1 hour ago
Akash Ambani Leads Jio IPO as Tech Unit Debuts
3 min read
Akash Ambani leads Jio Platforms as its $3.2 billion IPO fully subscribed within two hours. The 34-year-old managing director briefed investors on 533 million customers and profit margins, marking a rare feat for an Indian offering. Jio aims to transform connectivity from 4G to 5G and AI, though telecoms still generate nearly 90% of its $15.45 billion revenue.
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