HomeAppsWhatsApp to invest $250k in five Indian startups

WhatsApp to invest $250k in five Indian startups

Reader's Pick

Facebook owned instant messaging company, WhatsApp on Wednesday, announced “that it has partnered with Invest India to organize a startup challenge in the country with the aim to invest in the top five participants of the competition. ”

In the statement, the official said: “The company will invest $250,000 as a seed fund in the five winners of the ‘WhatsApp StartUp Challenge.”

“Adding to this WhatsApp will also make an additional investment of $2,50,000 to few selected firms from the entrepreneurial community to promote their WhatsApp business number on Facebook,” the statement added.

- Advertisement -

Speaking at the event Union Minister of Commerce and Civil Aviation, Suresh Prabhu said that “the startup community is the future of India and it will be the platform through which, millions of youth of this country will be gainfully employed”.

Talking on the partnership, Deepak Bagla, CEO of Invest India said: “India adds over three new startups a day ranking it amongst the top startup nations in the world. Through this partnership with WhatsApp, we aim to support the innovative start-ups in India and to create solutions not only for India but the entire world.”

- Advertisement -

Adding to this Chris Daniels, Vice President of WhatsApp said: “We are excited to work closely with Startup India by supporting entrepreneurs and start-ups to become engines of economic growth.”

close

Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

close

Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.
 

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countri...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

NASA astronauts to carry first ever all-female spacewalk on 29 March

Two NASA astronauts are scheduled to carry out the first ever all-female spacew...
00:05:54

Union Budget 2023: Five Major Changes to the Personal Income Tax Regime

In a major announcement on income tax changes, the government has revealed five...
00:02:04

Union Budget 2023: Infrastructure Investment with Steep Capital Outlay

The Finance Minister, Nirmala Sitharaman, has announced the Union Budget 2023 w...
00:09:17

What Jammu & Kashmir, Ladakh, Northeast & Agritech got from Budget 2023?

Addressing the parliament on the ongoing union budget session, Finance Minister...