Facebook invests an undisclosed sum in social-commerce startup Meesho, its first time taking equity in an Indian startup; Meesho had raised ~$65M earlier (Manish Singh/TechCrunch)

As an estimated 4B of world's 5.3B adults now have smartphones, tech industry analysis shifts from tracking adoption to analyzing use trends and emerging tech (Benedict Evans)




Manish Singh / TechCrunch:

Facebook invests an undisclosed sum in social-commerce startup Meesho, its first time taking equity in an Indian startup; Meesho had raised ~$65M earlier  —  As Facebook explores ways to generate revenue from WhatsApp, the company is now turning to a startup that already has a lead.





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