Meta (previously Facebook) on Tuesday introduced to onboard Sequoia Capital together with others to speed up the expansion of small and medium companies (SMBs) within the nation.
That is the second time that Sequoia India is taking part within the VC Model Incubator Initiative by Meta.
Surge, Sequoia India’s speedy scale-up programme, participated within the programme in February 2020, in response to the corporate.
“Meta and Sequoia India are each working in the direction of the widespread objective of unlocking extra progress alternatives for small companies in India,” mentioned Archana Vohra, Director, Small and Medium Companies India at Meta.
Meta’s VC Model Incubator Initiative was launched in 2019 as an industry-first initiative to spice up the expansion of startups.
“Early-stage corporations want entry to instruments and companies that may assist their progress and studying as they scale up. Meta’s VC Model Incubator Initiative permits these startups to entry options and packages to assist this and we’re excited to see this take form,” mentioned Gayatri Yadav, Chief Advertising and marketing Officer, Sequoia India and Southeast Asia.
In lower than three years, Meta has tied-up with 15 VC funds and has efficiently expert, educated, and mentored greater than 450 small companies at varied levels of their progress.
Along with Sequoia India, Meta has partnered with 14 different VC corporations together with Fireplace Ventures, Elevation Capital [SAIF Partners], DSG Shopper Companions, Matrix Companions, Anthill Ventures and Stellaris Ventures, to call a number of.
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