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Meta (previously Fb) 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 collaborating within the VC Model Incubator Initiative by Meta.
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Surge, Sequoia India’s fast scale-up programme, participated within the programme in February 2020, in response to the corporate.
“Meta and Sequoia India are each working in direction of the widespread purpose of unlocking extra development 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 providers that may help their development and studying as they scale up. Meta’s VC Model Incubator Initiative permits these startups to entry options and applications to assist this and we’re excited to see this take form,” mentioned Gayatri Yadav, Chief Advertising Officer, Sequoia India and Southeast Asia.
In lower than three years, Meta has tied-up with 15 VC funds and has efficiently expert, skilled, and mentored greater than 450 small companies at varied phases of their development.
Along with Sequoia India, Meta has partnered with 14 different VC corporations together with Hearth Ventures, Elevation Capital [SAIF Partners], DSG Client Companions, Matrix Companions, Anthill Ventures and Stellaris Ventures, to call a couple of.
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