Jio Platforms listed at a 21.36% premium after India’s largest ever IPO and finished its first trading day 26.66% above the issue price. Inc42’s new weekly brief walks through where the Rs 27,500 crore raised is headed and why the telecom giant now presents itself as an AI and cloud business.
The episode also covers Ather’s first ever profit, a tenfold jump in Paytm’s earnings and an AI fund launched by the founders of Unacademy.