Facebook invests $5.7 billion in Dependence device to get to little Indian grocers – Reuters

BENGALURU (Reuters) – Facebook (FB.O) will invest $5.7 billion for 10% of Dependence Industries’s (RELI.NS) electronic organisation, as the social networks firm seeks to utilize its preferred WhatsApp messenger to provide digital settlement solutions to little grocers in India. FILE PHOTO: A 3D printed Facebook logo is positioned between small>>>

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Facebook bets on India with $5.7 billion Reliance deal – Reuters

NEW DELHI/BENGALURU (Reuters) – Facebook (FB.O) is established to invest $5.7 billion to acquire a 9.99% risk in Dependence Industries’ (RELI.NS) digital arm, as it seeks to turn out solutions for India’s grocers as well as little businesses by taking advantage of WhatsApp’s substantial reach in the nation. The bargain>>>

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