Facebook today has announced its tie-up with the VC fund Stellaris Venture Partners to scale young businesses by providing them with timely digital skilling support. The joint venture is a part of Facebook’s VC Brand Incubator Program, which is an industry-first initiative for building the ecosystem for SMB growth in the country along with leading venture capital funds.

It aims to provide young businesses with timely business skilling and customised training to improve key profitability levers such as new customer acquisition, reach, and brand engagement.

Archana Vohra, Director, Small and Medium Businesses, Facebook India states, "Facebook is committed to the economic recovery of India, and as we mark the two years’ milestone for the program, we are delighted to partner with Stellaris Venture Partners to help early stage SMBs to unleash their true potential to grow and scale their business.”

Stellaris Venture Partners is an early stage, technology-focused venture capital firm working with SMBs such as Boldcare, Beepkart, CredFlow, Propelld, Whatfix etc. Their investment focus areas include global software companies with an India advantage, as well as tech businesses solving India-specific problems.

Rahul Chowdari, Partner/Co-Founder, Stellaris Venture Partners, stated, “Startups and small businesses are going to be the key drivers of growth and employment in the future and programs like the VC Brand Incubator will go a long way to boost the start-ups and small businesses ecosystem in the country. The VC Brand Incubator helps entrepreneurs to understand the Facebook ecosystem better and avoid common mistakes.”