Facebook pumps $40000 into an Indian startup, bets big on bots by analytics and FbStart


Since launching the chat bot for its Messenger, the social media giant Facebook is offering more than 34,000 of them built-in to automatically respond to users. Now the company is working on the development of bots on its free analytics platform that already serves ads and apps, it revealed earlier last week. Last year, the social media platform has also launched its automated assistance program for startups, FbStart to bot developers.

After getting requests from developers, Facebook has now expanded the analytics and FbStart. With the help of these tools, bot developers can monitor activities of the bots to improve the build, they will also get from Facebook as well.

While, the FbStart helps the users to grow their startups by leveraging valuable tools and services, worldwide events and opportunities to engage with the Facebook team.

Recently an end-to-end fashion re-commerce platform and Indian startup, CoutLoot is reportedly chosen by Facebook for its FbStart programme and received access to $40,000 worth of credits and services from the company. It was also revealed on Wednesday that Menlo Park-headquartered tech giant’s engineering teams will also provide mentoring to CoutLoot, under the programme.

“‘FbStart’ programme will be an immense boost to us at this phase of our evolution. Receiving mentorship from the pioneer of social networking will bring a huge opportunity for us to lead the fashion re-commerce revolution in India within the next couple of years,” said Jasmeet Thind, Co-founder, CoutLoot.

FbStart provides year-round support from Facebook product experts, an exclusive community of global startups, and up to $80,000 in free tools and services from premier partners.

CoutLoot will also get a chance to access to the exclusive community of Facebook’s developers and worldwide events, which will offer an access to more than 25 services which includes open source tools like React Native, FB Login and Account Kit and App Analytics.

Apart from US, India is the largest market for FbStart as Facebook revealed that around 75 percent of top-grossing apps across the country has integrated with the programme.

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