Facebook ties up with Matrix Partners India to scale early-stage SMBs

NEW DELHI: Facebook on Thursday said it has tied up with early stage venture capital fund Matrix Partners to scale small businesses in India by providing them with digital skills.

The tie-up is a part of Facebook’s VC Brand Incubator Program that collaborates with venture capital funds to help early-stage small and medium businesses (SMBs) to maximise their digital potential, Facebook said in a statement.

“With the tie-up with Matrix Partners India, the programme also completes one year during which it has collaborated with six VC Funds – Sauce.VC, Fireside Ventures, SAIF Partners, Sequoia Capital, DSG Ventures, and Matrix Partners India – and skilled, trained, and mentored more than 150 brands at various stages of their growth journey,” it added.