Elevation Partners Invest $120 Million In Facebook As Company Opens India Office

This morning Techcrunch published information about Elevation Partners’ continued investment in Facebook, which has reached $210 million after purchasing $120 million in the private markets. Additionally, Facebook will be making a significant investment in their Indian offices, opening up a 50,000 square foot office which will employ close to 500 people, as first published by The Economic Times.

The news highlights Facebook’s continued expansion and ongoing delay of a public offering. With the company expected to surpass $1 billion in revenue this year, Facebook’s global expansion is not unwarranted. While the company first announced details of the India office back in March, few details about the size of the office or number of employees was provided at the time. While the company continues to keep revenue growth close with the cost of running the business, there’s no doubt that Facebook will need to soon focus on expanding the bottom line.

While the company may not be filing to go public this year, there’s a relatively good chance that it could happen in 2011. As any active investor knows, expanding revenue is critical, and more importantly net income, is critical to boosting the company’s valuation. For now, Facebook will continue to expand their development efforts among other things as outside investors continue to fund the growth (in addition to Facebook’s revenue) through purchases in the private market.

Recommended articles