Internet startups, VCs in India raise concerns over Facebook-Jio deal

Photo: Reuters

A slew of venture capital firms and internet startups, including South African internet giant Naspers Ventures, plan to appeal to India’s anti-trust regulator over concerns of data sharing and misuse in Facebook Inc.’s ₹43,574 crore investment in Jio Platforms Ltd, said three people aware of the development.

The appeal is yet to be filed before the Competition Commission of India (CCI), even as the Facebook-Jio deal is currently under scrutiny by the latter, pending approval.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter