Connect with us

Business

Facebook announces $ 4.3 million grant for small businesses in India, introduces support for gift cards – TechCrunch

Published

on


More than a third of small and medium enterprises Facebook in India, cash flow will be a challenge for them as they navigate the coronavirus pandemic in the coming months, according to a report by the Organization for Economic Co-operation and Development (OECD) and the World Bank.

Facebook, which reaches nearly every Internet user in India and which collaborated with the OECD and the World Bank on the report, is keen to help. The social giant today announced a grant of $ 4.3 million for more than 3,000 small businesses in Delhi, Gurgaon, Mumbai, Hyderabad and Bangalore (Indian cities where the company has its offices).

In an interview with TechCrunch, Ajit Mohan, head of Facebook India, said the grant includes both cash credits and advertising credits, with cash making up the largest share. These businesses do not need to advertise on Facebook to be eligible for the grant, he said. Companies can apply for the scholarship starting today.

The India grant is part of the company’s $ 100 million global small business grant it announced in March.

Gift cards on Facebook and Instagram

In addition, Facebook and Instagram have also launched capabilities for Indian businesses to sell gift cards. “During the pandemic, it was inspiring to see how people and businesses came together on the Facebook family of apps to support their local communities,” Mohan said.

These gift cards, which will be issued by start-ups Quiksilver and PayU, are designed to help businesses get the immediate cash flow to stay afloat. Users can redeem these gift cards at these locations later.

The announcement comes today as Facebook begins to engage deeply with small businesses across the country. The company invested $ 5.7 billion in Jio Platforms earlier this year and said it would work with the Indian giant to explore ways to serve the country’s 60 million businesses.

“The recovery of small businesses from the pandemic will be critical to the recovery of the Indian economy, and we want to do all we can to help. Today we build on our commitment by announcing the Small Business Grant for India, ”Mohan said.

Many companies in India are already using Facebook to reach potential customers. One of the companies that has used Facebook extensively in recent quarters is WhiteHat Jr., an 18-month-old startup that teaches coding to kids. The start-up was acquired by Indian decacorn Byju’s for $ 300 million last month.

More information on Facebook’s activities in India tomorrow. Mohan will be joining us at the Disrupt conference.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]

Please disable the ad-blocker on this page to see the content

plus