Facebook to invest in tech startups in India: Official

THIRUVANANTHAPURAM: In a move that would give a tremendous boost to the startup ecosystem in India, social media major Facebook is gearing up to make substantial investments in technology startups, a top company official said on Friday.
“We now have shown willingness to make direct investments in technology startups in India. We are willing to spend our time, and energy to tap the massive depth of engineering talent in the country,” Facebook India vice-president and managing director Ajit Mohan said.
He was addressing the opening session of the second edition of Huddle Kerala 2019, one of Asia’s largest congregations on startup ecosystem.