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A three-part series that documents the rise and decline of the original Indian social media company.

FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.
The homegrown social startup is betting big on India’s latest content obsession—minute-long episodes of high-stakes dramas. Cut through the noise and the microdrama hype itself doesn’t add up.
The country’s top VC funds are flush with new fundraises. They must now find opportunities to invest, but that’s easier said than done.