Facebook Invests in Indian Startup Meesho - collumoboy1985

In its first-ever equity investment in an Indian start-up, Facebook on Thursday announced an investment in Meesho, a platform that enables Indian entrepreneurs to establish online businesses via social channels.

Although the social networking giant star did not disclose the amount, the move aside Facebook is seen As a commitment to the country's vibrant Cyberspace ecosystem.

"We are excited close to Bharat and its rapidly rising Internet ecosystem. With this investiture in Meesho, we want to fuel a business model that can result in speedy job universe and the rise of a female entrepreneurial sort in India," Ajit Mohan, Vice President and Director, Facebook India, said in a statement.

Facebook in 2022 introduced a programme for women-founded companies – SheLeads Tech – to support them with access to community, tools, mentorship and resources to succeed in building a business in technology.

"We do it that the company is translating the power of online communities to spread out economic opportunity for all of Republic of India, and especially women," Mohan added.

According to Vidit Aatrey, Co-Cave in, Meesho, the company has grown from its humble beginnings at IIT to 15,000 suppliers and 2,000,000 resellers end-to-end India in evenhanded four years.

"We part a common goal with Facebook – to enable community and help littler businesses grow. This commitment from Facebook will avail us leapfrog towards our goal," said Aatrey.

India is the thirdly largest start-up market globally and with its get down-up initiatives like SheLeads Tech, Code for the Next Jillio, India Instauratio Hub and more, Facebook has make out to discover that the start-skyward phenomenon is rapidly expanding to smaller cities.