Facebook Partners With VC Fund Stellaris Venture, Strengthens Commitment Towards SMB Growth
- ByStartupStory | June 30, 2021
Facebook partners with VC Fund Stellaris Venture makes announcement on Tuesday in order to scale young businesses by providing them with timely digital skill support. Facebook’s VC Brand Incubator Program industry-first initiative for building the ecosystem for SMB growth in the country along with leading venture capital funds is the reason the partnership was formed. Archana Vohra, Director, Small and Medium Businesses at Facebook India said, about the Facebook’s VC Brand Incubator Program, “We know that timely skilling can unlock multiple growth opportunities for small businesses that are the backbone of India’s economy.As business after business moves online in current times, the need for timely digital up-skilling becomes even more urgent to drive their recovery and growth. Facebook is committed to the economic recovery of India, and as we mark the two years’ milestone for the program, we are delighted to partner with Stellaris Venture Partners to help early stage SMBs to unleash their true potential to grow and scale their business.”
Further, Rahul Chowdari, Partner/Co-Founder, Stellaris Venture Partners added,“Stellaris is committed to providing platforms to founders that help them build world-class companies and our partnership with Facebook is another step in that direction. Startups and small businesses are going to be the key drivers of growth and employment in the future and programs like the VC Brand Incubator will go a long way to boost the start-ups and small businesses ecosystem in the country. The VC Brand Incubator helps entrepreneurs to understand the Facebook ecosystem better and avoid common mistakes.” Facebook said that it has tied-up with nine VC funds, within 24 months
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