What are Facebook’s other investments in India besides Reliance Jio?
Team Udayavani, Apr 26, 2020, 3:55 PM IST
Facebook becomes the largest minority shareholder in Jio. Facebook announced it has invested %5.7 billion for a 9.99% stake in India’s Reliance Jio platforms.
Besides this, Facebook has earlier invested in many other platforms.
Meesho was Facebook’s first equity investment in a domestic startup in 2019.Facebook acquired Little Eye Lambs, a Bangalore-based startup that builds tools for performance analysis and monitoring of mobile apps in 2014.
In July 2019, Facebook launched a VC Brand Incubator Program with an aim to help mentor SMBs, facilitating growth with the help of VC funds.
Zuckerberg and Priscilla invested in Byju’s which is an Indian education technology company, as a part of the Chan-Zuckerberg Initiative, in 2016.
In 2020, Unacademy became the second startup in the Indian domestic market where Facebook made an investment
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