From ₹228 a GB to ₹7.5: How Mukesh Ambani’s Jio rewired India’s internet and is now seeking a ₹10 lakh crore valuation

Mukesh Ambani’s Jio is at the centre of a business story about India’s changing internet economy. The company is described as having helped drive a sharp reduction in the cost of mobile data, from ₹228 per GB to ₹7.5 per GB.

From expensive data to ₹7.5 per GB

The figures highlight the scale of the price change associated with Jio’s rise. Data that once cost ₹228 per GB is now cited at ₹7.5 per GB, pointing to a substantially lower cost for internet access in India.

Valuation ambition

Alongside this shift in data pricing, Jio is seeking a valuation of ₹10 lakh crore. The target places the company’s business value at the centre of the next stage of its corporate story.

The information provided does not include details on the valuation process, timing, financial performance or investor response. It does, however, connect Jio’s pricing impact with its ambition to command a valuation of ₹10 lakh crore.