Reliance Group of Industries subsidiary Reliance Jio is all set to become a game-changer in the communication industry by influencing smaller cities which include tier II and tier III regions. The 4G LTE network has successfullyoccupiedour mindset offering world class network connection from biggest of industries, wherein Reliance Communication is keen on targeting the niche market for more consumer reliability.
In past few months, it witnessed almost twice the amount of investment from the startups hailing from Delhi-NCR regions, showing much of interest in tierII & III cities. The startup funding ecosystem is highly profitable and acquires almost 60% of the total market which is $1.8 billion in 2016, itself; followed up by Bengaluru, Pune, Mumbai and Hyderabad.
The minor cities include Ahmedabad, Jaipur, Surat, Chennai, which are on a verge of being good start-up points. The companies hailing from such cities are exclusively engaged in 30 new deals with a total funding amount of 34 million USD. The gradual emergence of startups from such cities will help outreach India into the global market thus contributing more than 28% of the total current output.
Reliance Jio is willing to introduce packages for such firms who dramatically shift from tier II cities like Nashik, Nagpur, Pune, Thane to Mumbai for better availability of internet connections. The firm’s appropriate measure to come up with internet connections will add better quality of output in a varied manner.
At present Bengaluru ranks #1 among all Tier I cities as it has headquarters of start-up technology unicorns like InMobi, Ola, Flipkart, ZoomCar, Common Floor, among others acquiring as much as 30% of the total companies belonging to India. The city boasts of the pride to become #15 around the globe among the largest start-up ecosystem.