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

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.

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