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Jio-Facebook deal looks at local level e-commerce: Mukesh Ambani

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NEW DELHI : Reliance Jio and Facebook will look to use WhatsApp for delivering goods from local neighborhood Kirana stores to consumers before expanding collaboration in education and healthcare sector, billionaire Mukesh Ambani said soon after announcing the mega ₹43,574 -crore deal. "All of us at Reliance and Jio are delighted to welcome Facebook Inc," he said in a short video message posted on the group's social media handles.

Earlier in the day, Facebook announced an investment of USD 5.7 billion ( ₹43,574 crore) to buy a 9.99 per cent stake in the firm that houses Ambani's telecom arm Jio as the social media giant looks to expand presence in its largest market in terms of subscriber base. "The combined power of Jio's world-class

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