After closing two investments in Indian startups, Facebook is all set to make many more additions to its portfolio. Facebook had invested an undisclosed amount in the social commerce platform Meesho. On the 13th of June, social media giant Facebook announced, it invested an undisclosed amount in Indian startup Meesho. A Bengaluru based startup, Meesho works with resellers and emerging brands using social media. This is the first time Facebook invested in a startup based in India. Social networking giant Facebook Inc. has invested in Bengaluru- and California-based Meesho, an online marketplace for resellers, five years after first acquiring an Indian startup. Facebook had bought Bengaluru-based Little Eye Labs in 2014. Its US peers Google and Twitter Inc. MUMBAI: Social networking site Facebook has made an equity investment in Meesho, as the technology leader looks to facilitate entrepreneurship among women and in smaller towns. This is Facebook’s first such financial investment in a domestic startup. Sources in the know said the investment is in the $20-25 million range. Facebook invests $25 Mn in social commerce startup Meesho. Social commerce in India is seeing a boom. Several startups in the space have been backed by top tier venture capitalists. However, out of all social commerce startups, Meesho is the hottest one. We’d like to announce that Facebook has made an investment in Meesho, which will help us further our efforts to enable independent entrepreneurs to build businesses and grow their customer base via social channels. It has been an amazing journey for us and we cannot wait to do more, as we work towards our goal (RTTNews) - Facebook Inc. (FB) has made an investment in Indian e-commerce start-up Meesho. No financial details of the transaction were disclosed. Meesho has previously raised about US$65 million
13 Jun 2019 Mohan said Facebook's investment will help Meesho to maximize its impact on a central plank of India's economic growth agenda by 13 Jun 2019 Several reports outline that it's an undisclosed amount, but a BusinessLine report stated that Facebook has invested $25 million in Meesho. 14 Jun 2019 Though Facebook has not disclosed the exact investment amount, online platform TechCrunch quoted sources confirming that the deal was
13 Jun 2019 New Delhi– In its first-ever equity investment in an Indian start-up, Facebook on Thursday announced an investment in Meesho, a platform that 16 Jun 2019 Facebook has announced that it has invested in Meesho, a Bengaluru-based social It is the company's second investment in India. Founded 14 Jun 2019 Facebook announced today about its investment in Indian social commerce startup Meesho that connects buyers and sellers over social 13 Jun 2019 June 13, 2019: Facebook picks up minority stake in Bengaluru-based Meesho for an undisclosed sum. Facebook on Thursday announced an 14 Jun 2019 Facebook has invested in Meesho, a social commerce startup based in India. This is the first time that Facebook has invested equity into a
13 Jun 2019 Mohan said Facebook's investment will help Meesho to maximise its impact on a central plank of India's economic growth agenda by Facebook invests in Meesho The investment is a significant boost to Meesho’s mission of Creating 20 million entrepreneurs by 2020. Facebook (FB) is investing an unspecified value to purchase a stake in Indian e-commerce startup Meesho, according to a Reuters report. Meesho was founded four years ago. The company is involved in “social commerce.” Meesho helps link up sellers with prospective customers on social media platforms. Facebook Invested in Meesho, a Social Commerce Startup in India The company has raised over $65 million to date Facebook invests $25 Mn in social commerce startup Meesho. Social commerce in India is seeing a boom. Several startups in the space have been backed by top tier venture capitalists. However, out of all social commerce startups, Meesho is the hottest one. Facebook backs social commerce startup Meesho in first India investment. As Facebook explores ways to generate revenue from WhatsApp, the company is now turning to a startup that already has a lead. The social juggernaut said today it has invested in social-commerce startup Meesho in what is the first time the firm takes equity in an Indian startup.
Facebook backs social commerce startup Meesho in first India investment. As Facebook explores ways to generate revenue from WhatsApp, the company is now turning to a startup that already has a lead. The social juggernaut said today it has invested in social-commerce startup Meesho in what is the first time the firm takes equity in an Indian startup. We’d like to announce that Facebook has made an investment in Meesho, which will help us further our efforts to enable independent entrepreneurs to build businesses and grow their customer base via social channels. It has been an amazing journey for us and we cannot wait to do more, as we work towards our goal After closing two investments in Indian startups, Facebook is all set to make many more additions to its portfolio. Facebook had invested an undisclosed amount in the social commerce platform Meesho. On the 13th of June, social media giant Facebook announced, it invested an undisclosed amount in Indian startup Meesho. A Bengaluru based startup, Meesho works with resellers and emerging brands using social media. This is the first time Facebook invested in a startup based in India.