Facebook Announces $4.3 Million Grant for Small Businesses in Select Indian Cities & Starts to Support Gift Cardshttps://techcrunch.com
The social giant today announced a grant of $4.3 million for more than 3,000 small businesses across Delhi, Gurgaon, Mumbai, Hyderabad, and Bangalore (Indian cities where the company has its offices). The grant includes both cash and ad credits, these businesses don’t have to advertise on Facebook to be eligible for the grant.
Businesses can apply for the grant starting today.
Additionally, Facebook and Instagram have also launched capabilities for businesses in India to sell gift cards. These gift cards, which will be issued by startups Quiksilver and PayU, are designed to help businesses get the immediate cash flow to stay afloat. Users can redeem these gift cards at these businesses later on.