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Facebook to buy stake in e-commerce start-up Meesho, 'enable entrepreneurs'

Meesho is a digital platform on which re-sellers reach prospective customers via social media platforms.

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Meesho  |  Facebook  |  Facebook India

Sankalp Phartiyal | Reuters  |  Mumbai 

Facebook is buying a stake in Indian e-commerce start-up Meesho, the head of the U.S. tech giant's Indian business said on Thursday, looking to deepen its reach in one of the world's biggest internet markets. Meesho, a digital platform on which re-sellers of everything from jewellery to mobile phones reach prospective customers via social media platforms such as Facebook, WhatsApp and Instagram, already has about 2 million entrepreneurs focused on India's smaller towns and cities, the vice-president and managing director at Facebook India told Reuters. "It reflects ...

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First Published: Thu, June 13 2019. 18:45 IST
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