Facebook has invested for the first time in an Indian startup – Meesho. The platform helps Indian entrepreneurs to set up online businesses through social media channels. Ajit Mohan, Vice President and Managing Director, Facebook India said in a statement, “We are excited about India and its rapidly rising Internet ecosystem. With this investment in Meesho, we want to fuel a business model that can result in rapid job creation and the rise of a female entrepreneurial class in India.” Mohan further said, “We love that the company is translating the power of online communities to expand economic opportunity for all of India, and especially women.”
In 2017, Facebook had introduced a programme for women-founded companies “SheLeads Tech” to support them with access to community, tools, mentorship and resources to succeed in building a business in technology.
Meesho co-founder Vidit Aatrey said the company has grown to 15,000 suppliers and 2,000,000 resellers across India in just four years. “We share a common goal with Facebook – to enable community and help small businesses grow. This commitment from Facebook will help us leapfrog towards our goal,” he said Aatrey.
Announcing the investment by Facebook, Meesho said on its website, “Today is an exciting day for Meesho! 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.”
“Over the last 4 years, we’ve grown from our humble beginnings to a community of more than 15,000 suppliers and 2,000,000 resellers throughout India. We share a common goal with Facebook – to enable the community and help small businesses grow. We’d like to thank our entrepreneur community, investors, and everyone who has had faith in us from the beginning – we can’t wait to keep building,” it added.
What Meesho does
If you are a social media enthusiast with a good number of followers, you can start making some money with the Meesho platform from the comfort of your home. Meesho allows entrepreneurs to start their business from Home with Zero Investment. It has become one of the leading reselling platforms.
How to start reselling with Meesho
You need to follow three basic steps:
Step 1: Browse quality fashion and home products from the best suppliers globally
Step 2: Share and Sell to your customers on WhatsApp, Facebook and Instagram
Step 3: You can get high-profit margins and weekly bonus, which will be transferred to your bank account.
This start-up becomes first in India to get Facebook investment – Here is how you can make money with it
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