Facebook looks to ramp up investment in India, says MD Ajit Mohan

Last year, Facebook invested in Meesho, which provides resellers, who largely comprise housewives and small businesses, with a platform to sell their products across social networks.

Facebook is looking to ramp up its investment programme in India after its two fundings in Meesho and Unacademy, its Vice President and Managing Director Ajit Mohan said on Monday. 

“These two investments have given us the conviction that we are on to something good. Therefore, the idea will be to ramp up this programme and accelerate it over the next few weeks and months,” said Mohan. 

Unacademy, an online learning platform, said last week that it raised a round of funding of $110 million with investors, including Facebook and General Atlantic, along with Sequoia India, Nexus Venture Partners, Steadview