Posted by New Delhi: Meta, formerly Facebook said Sequoia India will participate along with other VCs in the next edition of its VC Brand Incubator initiative.
Meta launched its VC Brand Incubator Initiative in 2019 in India as an industry-first initiative to speed up startups growth in India via collaborating with venture capital firms.
This is the second time that Sequoia India is participating in the VC Brand Incubator initiative. Surge, Sequoia India’s rapid scale-up program, participated in the program in February 2020.
“Meta and Sequoia India are both working towards the common goal of unlocking more growth opportunities for small businesses of India, and I am thrilled to have them join us for our VC Brand Incubator Initiative,” said Archana Vohra, Director – SMB, India – Meta.
“Early-stage companies need access to tools and services that can support their growth and learning as they scale up. Meta’s VC Brand Incubator Initiative allows these startups to access solutions and programs to aid this and we’re excited to see this take shape.” said Gayatri Yadav, CMO – Sequoia India and Southeast Asia.
The VC Brand Incubator initiative is an India-focused programme. It’s in line with Meta’s approach of building solutions and programmes to cater to the unique needs of India’s small businesses.
In less than three years, Meta has tied up with fifteen VC funds and successfully skilled, trained and mentored over 450 small businesses at various growth stages.
In addition to Sequoia India, Meta has partnered with 14 other VC firms including Fireside Ventures, Elevation Capital [SAIF Partners], DSG Consumer Partners, Matrix Partners, Anthill Ventures and Stellaris Ventures to name a few.
Earlier this year, Meta also partnered with Lightspeed Venture Partners to upskill more than 40 young, invested businesses.