Facebook’s appetite to invest in India is huge: Ajit Mohan

BENGALURU : India is a very important market for Facebook Inc. and it now works directly with the company’s headquarters in California, Ajit Mohan, vice president and managing director India, Facebook, said at the ongoing Global Technology Summit in Bengaluru.

“India is at the top of the stack for Facebook. The appetite to invest in India is huge,” Mohan said.

While Facebook doesn’t share India-specific statistics, its daily active users reached 1.62 billion globally, up 9% compared to last year, led by growth in India, Indonesia, and the Philippines, Facebook’s chief financial officer David Wehner had said during the third quarter investor call. “This represents approximately 66% of the 2.45 billion monthly active users in September.”