Big Giants of the Business world coming together Facebook takes 10% stake in Reliance Jio.

Here we go India getting one more strong investor. Facebook's Mark Zuckerberg enters in Indian market by purchasing 10% stake of Mukesh Ambani's Jio.

We all know that India is right there after China when it comes to internet users. India is the world's biggest market when it comes to the internet. 

On April 22, Facebook announced that they are investing more than 5.5 billion in Reliance Jio according to Bloomberg news.

Which means 10%of Jio, Mukesh Ambani holds this company. Both companies agreed to each other's terms and conditions, which means we will see the influence of Facebook in Reliance Jio.

According to the US Social media company, this deal will bring Jio Mart and e-commerce venture of Mukesh Ambani. 

With this deal, Mark Zuckerberg got a chance to enter in India's market. He will now expand his business in India with Jio deal.

Facebook, as we all know, are having more than 251 million users in India, we feel the deal will allow him to enter the Indian market.

India is a testing place for WhatsApp payment services; Zuckerberg is also planning to market his Cryptocurrency project.

For Mukesh Ambani it's a great deal, he will get an idea of IT people and business by joining hands with Facebook. It will boost reliance group confidence too.

With all the negative news going around about Mukesh Ambani is facing financial issues will also come down. Deal with Facebook is a great one we feel it will also allow Reliance group to look into IT ventures. As Facebook is a master of IT, and they will see how Facebook works with JIO.

We feel it is great news for India as we got one super giant investor in India. Let's see what Mark and his Facebook team gives to India. We hope it will be something good for India.