In a bid to promote the growth of small and medium businesses (SMBs) in India, Facebook announced the launch of the fourth edition of the VC Brand Incubator Initiative in partnership with Sequoia Capital India’s Surge programme. Launched in 2019, the VC Brand Incubator Initiative helps in the growth of SMBs in India by collaborating with venture capital funds. On the other hand, Sequoia’s Surge programme accelerates the growth of early-stage startups by helping them with funds, network, and mentorship. Sequoia also invests around $1 Mn to $2 Mn in startups which are shortlisted for the Surge programme.

(Inc42)