India's First Home-grown Social Media Platform Will Be Ready Very Soon. Thanks to Facebook!邀请非常诱人,甚至首席Digital Officer of Mahindra Group Jaspreet Bindra also pitched his startup idea to his boss, Anand Mahindra on his tweet

通过Komal Nathani

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Facebook

In the wake of Facebook's data breach controversy, the Indian billionaire Anand Mahindra expressed his willingness to fund a social media platform built out of India. The Chairman of Mahindra Group took to twitter sharing his grief over the broken trust of users by Facebook. He also said he'll be happy to seed fund the startups which are building a secured social media platform.

Here's a glimpse of tweet:

Mahindra's tweet caught a massive traction from startups which are building social media platform. A lot of entrepreneurs started pitching to the tech honcho on the comments section for the support. The invitation was so tempting that even the Chief Digital Officer of Mahindra Group Jaspreet Bindra also pitched his startup idea to his boss, Anand Mahindra on his tweet.

Check out the tweet here:

Mahindra is the leading industrialist of India, whose empire spans from cars to IT to real estate. His tweet got the instant like from Minister of Information and Technology Ravi Shankar Prasad who had earlier warned the Facebook of taking "stringent action" if any attempt was made by them to influence the electoral process in India.

The Indian IT Minister RS Prasad replied on a tweet appreciating the initiative of Anand Mahindra for seed funding India's very own social media platform.

According to media reports, this is not the first time that Mahindra has taken his interests to invest in on projects on Twitter. Just last month, he tweeted about acquiring the property of a fugitive jeweler Nirav Modi in Mumbai, to turn it into a music hub.

The comments of the leading industrialist have come at a time when there is a global outrage all across the world on the users' data breach. The data mining firm Cambridge Analytica has been accused of illegally harvesting the data of 50 million users from Facebook which was allegedly used in political campaigns in 2016 US elections.

India has the world's highest number of Facebook users with 241 million active members, according to a report published last June by Amsterdam-based firm The Next Web.

While giving testimony in front of UK lawmakers, the whistleblower and the ex-employee of The Cambridge Analytica Christopher Wylie had even spoken on the India link with the British political consulting firm Cambridge Analytica. Wylie also made the startling revelations over Congress being a client of Cambridge Analytica in the past for the regional elections.

On the other hand, Mark Zuckerberg who earlier refused to testify in front of British lawmakers has now accepted to give his testimony before Congress about the social network's data privacy scandal.

Wavy Line
Komal Nathani

Former Correspondent, Entrepreneur Asia Pacific

A firm believer of hard work and patience. Love to cover stories that hold a potential to change the momentum of business world. Currently, a part of all-women web team of Entrepreneur’s Asia Pacific edition to jig the wheel of business journalism!

Related Topics

Business Ideas

The Top 10 Home Business Ideas for 2023

Can't figure out which enterprise you should launch in 2023? Check out 10 stellar home business ideas to get inspiration.

Thought Leaders

I Pitched 300 People a Day For 1 Year — and Learned This Impactful Entrepreneurial Lesson

After working myself to the bone pitching 300 people each day for one year, I came out of that experience as a new man — but surprisingly, an unhappier one. Here's what I learned.

Starting a Business

10 Common Obstacles to Avoid When Starting a Business

Starting a new business can be an exciting and rewarding venture, but it also comes with its fair share of challenges. Here are some common obstacles to avoid when starting a new business.

News and Trends

Minifeel Raises INR 3 Crore In Pre-Seed Funding Round

Minifeel plans to utilize the funds to develop the technology to personalize the consumer's experience by recommending the best products that suit them

Money & Finance

How to Make Money Online: 10 Proven Ways to Make Money Online

Need to know how to make money online as a side gig or new career? Check out this breakdown of the 10 top online money-making methods.

Technology

Unlocking Liquidity through NFT Lending

NFT lending is a practice where one can borrow or lend digital assets for a stipulated period, typically against interest or collateral. There are four structures in the system- Peer-to-peer NFT lending, Peer-to-protocol NFT lending, Non-fungible debt positions, and NFT rentals.