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Facebook actively looking to invest in more Indian startups
- Tuesday | 24th August, 2021
Social media major Facebook is actively looking for early-stage Indian startups for potential investment as it eyes a bigger share of the lucrative startup ecosystem in the country. The company’s previous investments in social commerce platform Meesho and edtech startup Unacademy have brought encouraging results since both joined the unicorn startup club in the country. “We will continue to look for investment opportunities in early-stage startups,” he said, adding that the company’s search for investments is “sector agnostic” and it is open to explore younger startups across business verticals. Facebook typically invests between $25 million and $50 million in an Indian startup, as per the report. Facebook had last year launched the $100 million “Facebook Business Grant” for 30 countries including India.
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