As part of the latest Q4 (FY 2019-20) result announcement, Reliance Jio said that it is launching the JioMeet video conferencing service for Indian users very soon.
Looking at the current work from home scenario when companies like Microsoft, Google and Facebook are aggressively improving their video calling apps, Reliance too wants to capitalise the same.
Jio already has over 50 million subscribers for its telecom services.
When it launches, JioMeet will be directly competing against enterprise platforms like Zoom, Microsoft Teams, Cisco Webex, while on the consumer end services like WhatsApp, Facebook Messenger Chatrooms, Houseparty, Google Duo and others will be worth watching.
According to sources, the JioMeet app can allow up to 100 participants to join in a group call.
During the COVID-19 pandemic, the biggest winner in the video conferencing app war has been Zoom whose market value shot up to over $31 billion thanks to the sudden spike in its user base.
JioMeet will be available for Android, iOS, Windows and macOS operating systems.
Last week Jio Platforms and Facebook signed an agreement for an investment of Rs 43,574 crore by Facebook into Jio Platforms for exchange of 9.99% equity.