Facebook’s parent company decided Meta investing in Indian startup companies.
In India, Facebook’s biggest market, the company has already invested in two big startup companies. Now the company is preparing to invest in the third startup.
The company invested in startup named Misho in 2019 and in online learning platform Unacademy in 2020.
Now, for the third investment, internal discussions are going on in the company to invest in the ‘Better Opinions’ startup, according to the international media. However, the company has not given any official information on this matter. Meta investing in indian startup companies.
According to reports in the media on Friday, Meta (previously Facebook) is considering investing in an Indian company called Better Views, an event trading platform that enables people in the nation to trade their opinions on topics like cricket, sports, finance, and entertainment and gain money. The website connects users with others who have complementary trades and enables them to trade on events. Also read: UIDAI Seeking 20 Ethical Hackers to Fix Security Bugs and Protect Data. View Details.
If the deal goes through, it will be the first time Meta will take a stake in an early-stage Indian startup, reports TechCrunch. Meta is likely to invest in the seed financing round of up to $3 million, valuing the Y-Combinator backed Better Opinions at under $25 million. “The deliberations are ongoing and the deal is yet to close,” the report said, citing sources. Meta has earlier invested in social commerce platform Meesho and edtech platform Unacademy. Also Read – Whatsapp, Facebook Delaying Probe Into Privacy Policy: Competition Commission To Delhi HC
