After spending most of his career in the general insurance space, Derren Teo decided to create an end to end platform to simplify the industry through digitalization.
Jio Platforms had raised USD 20 billion in funding from 13 global high-profile investors including tech giants like Facebook and Google earlier this year.
ByteDance has been developing its search engine business since early last year, unveiling a mobile search portal, Toutiao Search, last August and a standalone search app this February.