Facebook is investing $40,000 in an Indian fashion startup, named CloutOut, under its “FbStart” programme.
On November 30 Facebook stated that CloutOut will also receive mentoring from Menlo Park headquartered tech giant’s engineering team.
The social networking giant started the “FbStart” programme last year, aiming to help developers grow their startups by leveraging valuable tools and services, worldwide events and opportunities to engage with the Facebook team.
"'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," said Jasmeet Thind, Co-founder, CoutLoot.
Under the programmer, the startup will get access to over 25 services including open source tools such as React Native, FB login and Account Kit and App Analytics.