AI-Driven lock-screen unicorn platform ‘Glance’ to procure sizeable amount of $200 Million by prodigious company ‘Jio’, a subsidiary of Mukesh Ambani-owned Reliance Industries Ltd. in its Series D round of funding.
“The proposed investment by Jio is aimed at accelerating Glance’s launch in several key international markets outside of Asia such as the USA, Brazil, Mexico and Russia.” Jio and Glance said in a joint statement.
Further the statement said, “Concurrent with the proposed investment, Glance has also entered into a business partnership arrangement with Reliance Retail Ventures Limited (Reliance Retail), providing for Glance’s ‘Lock screen platform’ to be integrated into the JioPhone Next smartphones to transform the internet experience for millions of Jio users.”
This shrewd deal is expected to have more collaborations in future for commerce, content and gaming ecosystem.
