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Facebook partners with Matrix Partners India to scale SMBs


Facebook on Thursday said it has joined hands with early stage venture capital fund Matrix Partners to scale small businesses in India by providing them with timely digital skilling support.

The move comes barely a week after the social networking giant announced a grant of $4.3 million (Rs 32 crore) for more than 3,000 small businesses in Delhi, Gurgaon, Mumbai, Hyderabad and Bengaluru impacted by Covid-19.

The tie-up with Matrix Partners is a part of Facebook’s VC Brand Incubator Programme that collaborates with venture capital funds to help early-stage small and medium businesses (SMBs) to maximise their digital potential.

In light of the pandemic, Facebook has taken the programme online to ensure continued skilling and support for small businesses even in these times.

“Facebook is committed to supporting the growth of small businesses in India, and this charter is stronger than ever as we work towards enabling ...


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