View: How Mukesh Ambani caught tech hub Bengaluru off guard with his Jio plan

Wall Street and Silicon Valley came together, bridging the gap between New York and San Francisco, because the bankers smelt a gold rush in technology upstarts and their impending initial public offerings (IPOs).

SynopsisA year down the line, a lot of what was going on in Mumbai has come to the fore, when in April, in the thick of the outbreak, Facebook announced its investment of $5.7 billion for 9.99% stake in Reliance Jio Platforms. That was just the start of the rush of capital coming into Jio Platforms, culminating with Google’s $4.5 bn infusion earlier this week.

By Samidha SharmaLast year, I met a tech investor in Bengaluru over coffee. This was the time Reliance JioMart — then known as ‘new commerce’ — was expected to roll out by Diwali. ‘So, what’s