India Post News Paper

 Breaking News

Facebook invests in Indian start-up Meesho

Facebook invests in Indian start-up Meesho
June 19
13:46 2019

NEW DELHI: In its first-ever equity investment in an Indian start-up, Facebook has announced an investment in Meesho, a platform that enables Indian entrepreneurs to establish online businesses via social channels.
Although the social networking giant did not disclose the amount, the move by Facebook is seen as a commitment to the country’s vibrant Internet ecosystem.

“We are excited about India and its rapidly rising Internet ecosystem. With this investment in Meesho, we want to fuel a business model that can result in rapid job creation and the rise of a female entrepreneurial class in India,” Ajit Mohan, Vice President and Managing Director, Facebook India, said in a statement June 13.
Facebook in 2017 introduced a program for women-founded companies ‚ÄúSheLeads Tech‚ÄĚ to support them with access to community, tools, mentorship and resources to succeed in building a business in technology.

“We love that the company is translating the power of online communities to expand economic opportunity for all of India, and especially women,” Mohan added.
According to Vidit Aatrey, Co-Founder, Meesho, the company has grown from its humble beginnings at IIT to 15,000 suppliers and 2,000,000 resellers throughout India in just four years.
“We share a common goal with Facebook – to enable community and help small businesses grow. This commitment from Facebook will help us leapfrog towards our goal,” said Aatrey.
India is the third largest start-up market globally and with its start-up initiatives like SheLeads Tech, Code for the Next Billion, India Innovation Hub and more. Facebook has come to discover that the start-up phenomenon is rapidly expanding to smaller cities. IANS

Comments

comments

Related Articles

    Polls

    Should americans stop buying China-Made products?

    Loading ... Loading ...

    E-paper Latest Edition

    ADVERTISEMENT – DAFABET ESPORTS

    Dafabet Gaming Portal

    ADVERTISEMENT – NRIA NET

    www.nria.net

    ADVERTISEMENT – DR HORTON

    Dr Horton Skyline Ridge

    ADVERTISEMENT – SEVEN JACKPOTS

    casino

    ADVERTISEMENT – BETRALLY INDIA

    betting India

    ADVERTISEMENT – DR HORTON

    ADVERTISEMENT – Star Tours

    Star Tours

    50 SPIRITUAL APPETIZERS – VINOD DHAWAN

    50-ad-Indiapost

    It’s a lovely book. It feels energetically clear and light. It’s easy to read, dip in and out and most importantly it offers information without fluff! Blessings on this project.

    Jac O’Keeffe
    Spirituality teacher based in USA.

    *Available on Amazon, Flipkart & other online stores*

    ADVERTISEMENT – JOBSORA- FIND A JOB NOW!

    Jobsora Jobs

    Follow us On Twitter

    US envoy to India apologizes for ... - https://t.co/6JWpDHOVoG Get your news featured use #IndiaPostUSA… https://t.co/7jLYu2YOMG
    h J R
    #India, #Australia sign maritime cooperation in ... - https://t.co/8NttO4L8UW Get your news featured use… https://t.co/vshqg3N6FU
    h J R
    Emergency air strip ... - https://t.co/yEy7Mlp5uV Get your news featured use #IndiaPostUSA #AkshaiChin… https://t.co/U6xCpyyM03
    h J R
    RT @amnesty: China, Stop the crackdown on freedoms in Hong Kong. Stop the crackdown on freedoms in Hong Kong. Stop the crackdown on freedo…
    h J R

    POPULAR CATEGORIES

    Download Media Kit

    India Post Media Kit