TECHNOLOGY

Meta Likely to Invest $3M in Indian Startups’ Better Opinions: Report

New Delhi: Meta (formerly Facebook) wants to invest in an Indian startup called Better Opinions, an event trading platform that will allow users in the country to exchange their opinions on categories such as cricket, football, finance and entertainment and win money, the reported the media friday. The platform allows users to trade on events while being matched with a person with a free trade. Also Read – Whatsapp, Facebook Delaying Probe Into Privacy Policy : Competition Commission To Delhi HC

If the deal goes through, it will be Meta’s first stake in an early-stage Indian startup, sure naira reports. Meta is likely to invest in the seed funding round of up to $3 million, with Y-Combinator-backed Better Opinions valued at less than $25 million. “Deliberations are ongoing and the deal is yet to be finalized,” the report said, citing sources. Meta has previously invested in social commerce platform Meesho and edtech platform Unacademy. Also Read – Twitter Update: After Hindi and English, Company Launches Tamil Topics for Android, iOS and Web Users | Declaration inside

Founded in 2021, Better Opinions launched its Real Money Gaming app last December. It was 1.5 lakh submissions within a month of launch. In February of this year, Better Opinions raised more than $1 million in a pre-seed round from Y Combinator, Java Capital, Soma Capital and investors such as Mayank Kumar, co-founder of UpGrad and Sudhanshu Raheja, head of product and engineering at GoTo Financials (Gojek-Tokopedia), among others. Also Read – What Are The Top Brands For Hackers To Steal People’s Data Through Phishing?

“Our goal is to make the app inclusive for everyone. Unfortunately, the fair can be very technical and opaque and therefore not always accessible to everyone. However, when we start allowing trading in categories such as cricket, politics and entertainment, we not only make trading more relatable, but also help improve their financial literacy,” said Samay Jain, co-founder and CEO of Better Opinions in a statement.

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