logo
 
Bengaluru, Feb 19 (IANS) Social media giant Facebook on Wednesday joined General Atlantic, Sequoia India and others for a fresh $110 million round of funding into one of India''s fastest growing education technology start-up Unacademy.

This is the second investment by the social networking giant in India. Last year, Facebook made its first minority investment in a local startup called Meesho, a social-commerce venture empowering first-time entrepreneurs, especially women in small towns.

"Facebook is an ally for India''s economic growth and social development, and we are excited about India and its rapidly rising Internet ecosystem," said Ajit Mohan, Vice President and Managing Director, Facebook India.

"With this investment in Unacademy, we are reinforcing our commitment to the Indian startup ecosystem as well as investing in a company that is transforming learning in India,"
No Comments For This Post, Be first to write a Comment.
Leave a Comment
Name:
Email:
Comment:
Enter the code shown:


Can't read the image? click here to refresh

Todays Epaper

Is 21 days lockdown is necessary to control coronavirus cases in India?

Yes
No
Can't Say