Amid data theft row, Anand Mahindra wants to fund India's rival to Facebook

Facebook and WhatsApp are among the most widely used social media services in India

At the time when hatred for social network giant Facebook is at an all time high, Anand Mahindra, Chairman of the Mahindra Group, in a tweet suggested that it could be time for India to have its own social network, even offering to back good ideas with seed capital.

“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,” Mahindra wrote on