Facebook partners VC funds to help SMBs grow in India

New Delhi: With an aim to help small and medium businesses (SMBs) scale up their operations, Facebook on Wednesday announced partnerships with venture capital (VC) funds in the country.
The “VC Brand Incubator” will be the first in a series of programmes by Facebook to provide SMBs with timely skilling and guidance.
For the first edition of the programme, Facebook worked with Sauce.vc, a Mumbai-based early-stage venture capital fund that has partnered with startups in the food and beverages, personal care, apparel and the lifestyle space.
“With the ‘VC Brand Incubator’ programme, we hope to unlock the potential of SMBs in India, enabling them to enhance theirs as well as the country’s socio-economic growth,” said Archana Vohra, Director, Small and Medium Businesses at Facebook India.
“Working with VC funds is crucial as it allows us to scale and support SMBs at an early-stage itself, fast-tracking their growth,” Vohra added.
Facebook will work with VC funds to skill and mentor the SMBs by sharing insights on best practices, proven solutions, playbooks, vertical-insights among other key learnings.