Leading industrialist Anand Mahindra has said he is willing to put in seed capital for a social networking company built out of India.
The comments come at a time when there is a global outrage over breach of user data on social networking platform Facebook. Data mining firm Cambridge Analytica has been accused of harvesting personal information of over 50 million Facebook users illegally to influence polls in several countries.
In a tweet here, Mahindra said, "Beginning to wonder if it's time to consider having our own social networking company that is very widely owned & professionally managed & willingly regulated."
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