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
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Did NASA find a mysterious doorway on Mars? No, but that’s no reason to stop looking
As Albanese heads to the Quad, what are the security challenges facing Australia’s new government?
Pandemic creates new billionaire every 30 hours: Oxfam at Davos
Abortion and inherited disease: Genetic disorders complicate view that abortion is a choice
French Open 2022: Top stars to battle it out to win Grand Slam
MUST WATCH
Latest Additions
Meeting someone abroad doesn’t imply endorsement of views: Tharoor after ‘Rahul-Corbyn row’
Neeraj to train in Finland ahead of Diamond League: SAI
Haryanvi singer given 10 sleeping pills before strangulation: Sources
Congress makes light of Sibal’s resignation
Hayden Christensen on playing Darth Vader for ‘Obi Wan Kenobi’: Anatural continuation of my journey