Facebook ties up with VC Fund Matrix Partners to scale early-stage SMBs in India
During the pandemic, Facebook has taken its skilling and enablement programmes for small businesses online, ensuring continued support
Published - Sep 24, 2020 4:53 PM Updated- Sep 24, 2020 4:53 PM
Facebook has tied-up with early stage VC fund Matrix Partners to scale small businesses in India by providing them with timely digital skilling support.
The tie-up is a part of Facebook’s VC Brand Incubator Program that collaborates with venture capital funds to help early-stage small and medium businesses (SMBs) to maximize their digital potential.
In light of the pandemic, Facebook has taken the programme online to ensure continued skilling and support for small businesses even in these times. With the tie-up with Matrix Partners India, the programme also completes one year during which it has collaborated with six VC Funds - Sauce.VC, Fireside Ventures, SAIF Partners, Sequoia Capital, DSG Ventures, and Matrix Partners India - and skilled, trained, and mentored more than 150 brands at various stages of their growth journey.
Talking about the VC Brand Incubator programme and the association with Matrix Partners India, Archana Vohra, Director, Small and Medium Businesses at Facebook India said, “Facebook is committed to supporting the growth of small businesses in India, and this charter is stronger than ever as we work towards enabling their recovery from the pandemic. We are thrilled to partner with Matrix Partners India as part of the VC Brand Incubator Program to scale and support small businesses at such a critical time. In light of the current constraints, we’ve taken the initiative online along with a host of our other skilling initiatives such as Boost with Facebook and Advertiser Vintage program to ensure uninterrupted skilling and support for small businesses.”
Sanjot Malhi, Director, Matrix India, said, “We’re excited to create a platform of partnership between our portfolio companies and Facebook. Brand building is a crucial part of growing and scaling your company, and Facebook’s incubator program is a great stepping stone for early stage consumer-focused companies who are looking to build awareness and engagement with a digital audience. We’ve been early backers in many challenger brands from across the spectrum – eCommerce, gaming, CPG, neo-banking, healthcare, content – to name a few, and we’re thrilled to see them create world-beating products and leverage Facebook’s platform to reach their end consumers, and bring about large scale impact. Over 20 companies from our portfolio, including Country Delight, Stanza Living, OZiva, ManMatters, Zupee, The Whole Truth, Dealshare, have now partnered with Facebook on this program.”
Revant Bhate, CEO of Mosaic Wellness, which is a part of the program and owns Man Matters, a digital health clinic for men said, “Men usually do not open up about their health needs and these sessions were helpful to understand nuances about the right way to communicate with a young digital India, which is now ready to invest in overall health and wellbeing. Facebook experts helped us identify a unique positioning and communication tailored to suit the behavior on the platform and we have already seen a marked improvement in brand awareness by leveraging the frameworks suggested.”
“Facebook’s incubator program helped the Gynoveda team discover new social marketing features to run paid campaigns. Even though we've been using Ads Manager for a while, there was so much more discovered when brainstorming with the creative team on how to adapt creatives and communication to ads placements. This has had a direct impact on RoI,” said Vishal Gupta, Founder of Gynoveda that used Campaign Lab to scale their creatives.