Facebook enters Indian startup space with investment in Meesho

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 jewelry 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.

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