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The social networking giant has partnered with small and large businesses to drive economic transformation, which was discussed during its âFuel for India 2020â event.
Social media giant Facebook has unveiled a new campaign film âNayi Shuruaatâ. It is an ode to the resilience of Indiaâs small businesses during the COVID pandemic. The two-minute-long film shows how small businesses, like The Moms Co., Doodlage and Sleepy Owl Coffee, made a new start and have grown this year (2020) on the back of their Facebook community.
On the second day of Facebookâs inaugural âFuel for India 2020â event, a keynote session was held on how the company is partnering with large and small businesses to fuel the economic transformation of the country. There were sessions by diverse small, medium and large businesses, such as WhiteHat Jr., Maruti Suzuki, Mondelez, The Moms Co., Licious, Karagiri, Wingreens Farms and Vasthram Silk.
Synopsis
The social commerce platform thought of ideas that could help entrepreneurs stay afloat during the Covid crisis.
One discovery for the company was that a lot of the users on their platform were women, running their businesses from home.
For social commerce platform Meesho, this has been the toughest year in the last five years of its operation. As per previous reports, the Facebook-backed company had also laid off 200 employees earlier in April to cut costs amid the pandemic.
Vidit Aatrey, Founder & CEO, Meesho says that it may have been tough times for them, but it has been an even tougher period for their women entrepreneurs. In order to ride through the Covid crisis, the company thought of some ideas that had never come up before. “We suggested that entrepreneurs can come and take loans of small ticket sizes of $100 or $150 from us, and we will figure out later when to take it back. People were super happy with the hope of such help coming forward,” Aatrey said wh
Facebook relaunches Instagram Lite app, begins test in India 17th Dec 2020 | Source: TechCrunch
Facebook is working to bring back the Instagram Lite app, months after it shut down the light version offering worldwide.
The social conglomerate said on Wednesday that it is testing the revamped Instagram Lite app in India, where it hopes to “gain valuable insights” about the new offering before “a global rollout” of the app later.
The revamped Instagram Lite app weighs less than 2MB and delivers a “fast, reliable, and responsive” experience of the social service. The Android app supports Bangla, Gujarati, Hindi, Kannada, Malayalam, Marathi, Punjabi, Tamil and Telugu, but currently lacks a several core features of Instagram including Reels, Shopping and IGTV.
WhatsApp to Start Offering Health Insurance, Micro-Pension Products in India Soon
By the end of the year, WhatsApp is planning to start offering affordable health insurance coverage from SBI General. By Jagmeet Singh | Updated: 17 December 2020 16:45 IST
WhatsApp is leveraging its strong presence in India to go beyond instant messaging
Highlights
The Facebook-owned platform already has a payments feature
WhatsApp may take on PhonePe and Google Pay with its new move
WhatsApp is planning to start rolling out health insurance and micro-pension offerings in India. India Head Abhijit Bose revealed WhatsApp s roadmap towards bringing “critical financial and livelihood services” to mobile users in the country at the Facebook Fuel for India event. The Facebook-owned company is working with SBI General to launch health insurance products, while HDFC Pension and Singapore-based firm PinBox Solutions are on board for offering micro-pension products.
Facebook Fuel for India 2020: WhatsApp to launch insurance and pension products in India by year-end
The move comes as the Facebook-owned tech giant is set to expand its services to finance, commerce, education and social welfare in 2021.
Dec 17, 2020 17:10:03 IST
WhatsApp is aiming to launch health insurance and micro-pension products on its messaging platform in India through tie-ups with licensed financial services players. This was announced at the Day 2 of Facebook s first edition of Fuel for India event. The two-day event kicked off on 15 December and was concluded on 16 December. The move for insurance and pension products comes as the Facebook-owned messaging platform is set to expand its services to finance, commerce, education and social welfare in 2021.