Reliance & Facebook coming together to create a ‘super app’

Reliance & Facebook are coming together to develop a WeChat like super-app, that can include all the services like digital payments, social media, gaming, flight booking, hotel reservations and many more .

Perfect Solution for Reliance for Indian consumers to consume more over an app that can provide all sort of services at one go, and eventually lead to another push to increase sale volume for Reliance Retail Stores, and off-coss JioMoney

Reportedly, the discussion are delayed due to the Covid-19 pandemic and the commercial due diligence for the project is currently on and Morgan Stanley has been appointed the investment banker.

As per ET, A new company could be created where both the players could invest, or Facebook could invest in Reliance Jio & Reliance Retail, and that is the way the partnership could be formed for the new venture,” though nothing is clear as of now

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