Facebook to buy stake in Indian e-commerce startup Meesho

Ajit Mohan, Vice President and Managing Director, Facebook India, leaves after an interview with Reuters in Mumbai, June 13, 2019. REUTERS/Danish Siddiqui

MUMBAI: Facebook is buying a stake in Indian e-commerce startup Meesho, the head of the US tech giant's Indian business said on June 13, looking to deepen its reach in one of the world's biggest internet markets.

Meesho, a digital platform on which re-sellers of everything from jewellery to mobile phones reach prospective customers via social media platforms such as Facebook, WhatsApp and Instagram, already has about 2 million entrepreneurs focused on India's smaller towns and cities, the vice-president and managing director at Facebook India told Reuters.