Meta( formerly Facebook) is looking to invest in an Indian incipiency called Better Opinions, an event trading platform that allows druggies in the country to trade their opinions on orders similar as justice, football, finance and entertainment and win cash, the media reported on Friday.
The platform allows druggies to trade on events while matching them with a person with a complimentary trade.
Still, it’ll be the first time Meta will take a stake in an early- stage Indian incipiency, reports TechCrunch, If the deal goes through.
Meta is likely to invest in the seed backing round of over to$ 3 million, valuing the Y- Y-Combinator-backed More Opinions at under$ 25 million.
” The reflections are ongoing and the deal is yet to close,” the report said, citing sources.
Meta has earlier invested in social commerce platform Meesho and edtech platform Unacademy.
Innovated in 2021, Better Opinions launched its Real plutocrat Gaming App in December last time. It was1.5 lakh sign- ups within a month of its launch.
In February this time, Better Opinions raised over$ 1 million in a-seed round from Y Combinator, Java Capital, Soma Capital, and investors like Mayank Kumar,co-founder of UpGrad and Sudhanshu Raheja, head of product and engineering at GoTo Financials( Gojek- Tokopedia), among others.
” Our end is to make the app inclusive for all. The stock request unfortunately can be veritably specialized and opaque and thus is not always accessible for all. still, when we start allowing trading in orders similar as justice, politics and entertainment, not only do we make trading more relatable, but we also help ameliorate their fiscal knowledge,” Samay Jain, co-founder and CEO, of Better Opinions, had said in a statement.
