Social Networking Giant has reportedly invested 40000$ in a fashion based Indian Startup named as CoutLoot under its “FbStart” platform. The startup would be receiving 40000$ worth of services and credit from the social networking giant.
Facebook yesterday invested in CoutLoot which is an India based Fashion Startup under its Facebook’s developer-focused “FbStart” program. The startup would now be receiving credit and services worth 40000$ from Facebook.
To be precise with my words, FbStart which was started a year ago is focused on helping developers around the world, the firm helps them grow their startups by giving them free access to their valuable tools and services, worldwide events and even provide them with the opportunities to engage with the Facebook team first hand.
According to the firm’s statement on Wednesday, even CoutLoot would be receiving all the same from the Menlo Park-headquarter of the tech giant.
Jasmeet Thind, who is the Co-founder of CoutLoot stated, “‘FbStart’ programme will be an immense boost to us at this phase of our evolution. Receiving mentorship from the pioneer of social networking will bring a huge opportunity for us to lead the fashion re-commerce revolution in India within the next couple of years,”
As told earlier, the startup would also be able to meet and greet the development team of Facebook first hand giving them a great opportunity to boom with Facebook by their side. The programme as told provides free access to more than 25 services that includes open source tools like React Native, FB Login, Account Kit and App Analytics. According to some sources, India is the biggest market for FbStart outside of US for the firm with around 75 percent of top grossing applications in India integrating with their platform making obviously the developers of this country worth noticing.