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As Facebook’s data breach issue rocks the countries, Mahindra group Chairman Anand Mahindra has asked Indian start-ups to work on a native social media. In a Tweet on Tuesday, he offered to provide seed fund if any start-up comes forward to work on such a project.
“Beginning to wonder if it’s time to consider having our own social networking company that is very widely owned, professionally managed and willingly 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,” he said in the Tweet.
What followed is a flood of comments with project ideas in various stages of development and suggestions on how an indigenous social network should look like. This post went viral with over 1,600 people re-tweeting it by the evening.
“Look forward to work with you and selected teams to build a next gen #social3.0 network, out of India,” Jaspreet Bindra, a start-up advisor who has been asked to receive the ideas, said.
He felt that using Blockchain in a social network would make it secure from breaches.
“I have developed a social networking platform that not only provides to share content but also makes advertising and sales a lot more accessible to the general audience,” a fledgling entrepreneur said.
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