Last year, Facebook launched its Marketplace in India, which operates in the same space as Meesho. Mohan said the company does not see Meesho as a vehicle to expand its own family of services. On the contrary, Facebook is now open to exploring investment in other startups that are building unique solutions for the Indian market.
Facebook backs social commerce startup Meesho in first India investment
There is no particular category that Facebook is necessarily looking at, however. Google, Amazon and Twitter also have made investments in Indian startups. While Twitter has backed social platform ShareChat, Google has invested in hyperlocal concierge app Dunzo.
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FinTech investments in India are growing rapidly as investor’s appetite for the region increases
Domestic Investment in India Go Back. Introduction The Government of India has taken significant initiatives to strengthen the economic credentials of the country and make it one of the strongest economies in the world.
Total number of deal activity in India reached 1, in In November , assets managed by mutual funds reached Rs Government Initiatives The Government of India has taken several initiatives in various sectors to improve the overall economic condition in the country. Some of these are: In February , the Government of India approved the National Policy on Software Products — , to develop the country as a software hub.
It involves 12 key initiatives which will help the growth, expansion and facilitation of MSMEs across the country. The Government of India has decided to invest Rs 2.