Facebook's First Investment Is In Meesho The Indian E-commerce Startup
Cooky - Jul 15, 2019
Facebook has just made its first investment in India on Meesho, an Indian start-up digital re-seller platform.
- Instagram Launches A Lite Version For Users In Rural And Remote Areas
- Australia Passed New Law That Requires Facebook And Google To Pay For News Content
- Facebook Stops Showing Australian Content, Even From Government Sites
Meesho is a popular Indian start-up digital platform for a variety of re-sellers to connect with their prospective customers. The business is done via famous social media platforms like Instagram, Facebook, WhatsApp, etc. According to Ajit Mohan, the Facebook Indian vice-president and managing director, in a talk with Reuters, Meesho is having approximately 2 million entrepreneurs that are mostly focused on India’s smaller cities and towns.
He added that it reflected the new India appearing on the web.
With that potential, Facebook is investing strongly in Meesho, as announced by the head of Facebook's Indian business. Its aim is to infiltrate deeply in India - one of the largest digital markets in the world.
Ajit Mohan also refused to reveal the exact value of how much the social media giant has invested in Meesho or how large the stake it's acquiring.
Meesho announced on its official website that this Facebook investment could help to increase its attempts for allowing independent entrepreneurs to make business as well as develop their customer base using social channels.
Starting with only two engineering graduates in 2015, Meesho has raised over-$64-million fund in which including DST Partners and Shunwei Capital as some of the highlighted backers.
Mohand said that his company's investment will be a great help for Meesho to increase its influence on a central plank of the economic growth agenda in this country by helping job creation through entrepreneurship.
Facebook, Twitter, messenger app WhatsApp and other social media platforms have been scrutinized intensely by the Indian federal government. Strict Indian rules force companies to control the content uploaded on social media every moment.
New Delhi stated previously that consultations would be held widely in India among different Internet companies in order to finalize the rules regulating online content.
Featured Stories

ICT News - Apr 13, 2021
What are the most trusted live casinos in India

ICT News - Mar 18, 2021
Amazon Prime: How To Get Free Subscription And Membership Benefits

ICT News - Mar 17, 2021
Is Mobile Gaming The Future?

ICT News - Mar 17, 2021
Tinder Will Help You Make Sure Your Potential Date Is Not A Dangerous Criminal

ICT News - Mar 16, 2021
Apple Sues Ex-Employee For Stealing Company’s Secrets To The Media

ICT News - Mar 15, 2021
Netflix To Crack Down On Password Sharing, For Real This Time

ICT News - Mar 12, 2021
Violence-Hit Wistron Factory Resumes iPhone Production

ICT News - Mar 12, 2021
How the Smartphone Changed Casino

ICT News - Mar 11, 2021
Hackers Compromised Camera Systems In Tesla Factories

ICT News - Mar 11, 2021
Google To Support 1 Million Women Entrepreneurs In Rural India
Read more

Features- Apr 23, 2021
NordVPN: Fast And Affordable - The Best VPNs You Could Buy In 2021
In this article, we will showcase the actual champion amongst all of them: the fast and affordable NORD VPN.
Comments
Sort by Newest | Popular