With the Cambridge Analytica-Facebook scandal now spiralling into India as a BJP-Congress political row, billionaire businessman Anand Mahindra took to Twitter to weigh in on his idea of creating an Indian alternative to social networking giant, Facebook.
Mahindra Group chief Anand also proposed to offer seed capital to any Indian social media start-up that can create and manage a homegrown version of Facebook.
Beginning to wonder if it’s time to consider having our own social networking company that is very widely ownedprofessionally managedwillingly regulated.Any relevant Indian start-ups out there?If any young teams have such plans I’d like to see if I can assist with seed capital pic.twitter.com/nBSkQk0hCp— anand mahindra (@anandmahindra) March 26, 2018
Flooded with idea and suggestions, Anand Mahindra has invited his colleague Jasprit Bindra, Senior Vice President- Digital Transformation at Mahindra Group of Companies, 'to work him on this exploration'.
Notably, this isn't the first time Mr. Mahindra ventured into such projects. Just last month, he suggested to crowdfund an iconic building in Mumbai and turn it into a performance venue for budding artists.
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