meesho | Pixr8 News

12Aug By PriyankaNo Comments

FUNDING

Meesho raises USD 125 mn in funding led by Naspers

Bengaluru-based Meesho said it has raised USD 125 million (around Rs 888 crore) in a funding round led by technology investor Naspers. The round also saw participation from Facebook and existing investors SAIF, Sequoia, Shunwei Capital, RPS and Venture Highway as well as former Vodafone Group CEO Arun Sarin. In June, Facebook had announced picking up a minority stake in Meesho, a startup that helps entrepreneurs set up online businesses via social channels. "The new funds will allow the company to make deeper inroads in areas outside India's major metro regions, by creating more entrepreneurs," Meesho said in a statement. The latest investment will also strengthen Meesho's aim to grow its community of women entrepreneurs and support expansion to new geographies, it added. Th...

Social Commerce Platform Meesho Raises $50 Million in Series C Round

6Nov By Gauri SinghNo Comments

FUNDING

Social Commerce Platform Meesho Raises $50 Million in Series C Round

A Bengaluru-based social commerce platform Meesho has reportedly raised an amount of $50 million in a Series C funding round. Following this funding round, the valuation of the company has reached between $200 million and $250 million. This particular round was led by Shunwei Capital, Yuri Milner’s DST Partners and RPS Ventures. Along with this, exisiting backers like Sequoia India, SAIF Partners, Venture Highway and Y Combinator also participated in this round. “We want to simulate the exact experience that happens offline,” Meesho co-founder and CEO Vidit Aatrey stated. “Sellers have the liberty to sell to 10 different people at 10 different prices.” The company is planning to use these funds to go deeper into its existing areas of business that includes offering more product catego...

Google Hosts Four-Day Mentorship Bootcamp For Indian Startups

27Apr By Lavina TolaniNo Comments

News

Google Hosts Four-Day Mentorship Bootcamp For Indian Startups

In an attempt to support growing number of Startups, focussed on building solutions to "Solve for India", Google India conducted a four-day mentorship Bootcamp for teams of 10 Indian startups. Kartik Padmanabhan, Developer Relations Lead at Google India spoke about the objective of launching the programme and said, We are aiming to build a bridge between startups and the industry ecosystem and provide them with the right technical support and mentorship to help them succeed. We have shortlisted 10 startups from 160 homegrown startups after traveling across 15 cities in India, are now ready to scale this pilot as a dedicated program for India. "Solve for India" was launched last year as an Indian-only pilot by Google Developers Launchpad Team. It is an initiative that aims to bring the...

3 Indian Startups Making Their Way To The Silicon Valley

9Jul By RishabhNo Comments

News

3 Indian Startups Making Their Way To The Silicon Valley

Y Combinators(YC) has inducted three of Indian Startups for the summer batch. It is fit the first time that a bunch of Indian startups have made their ways into Silicon Valley's one of most coveted accelerator programmes. The three startups that have been selected by YC are Innov8, a co-working space in CP, New Delhi, JustRide, a self-ride car rental app, and Meesho, an app for sellers on Whatsapp and Facebook. The accelerator will be investing $120,000 in startups for a 7% equity stake across two batches every year, and the programme is based out of its Mountain View headquarters. "Each of the founders from India in the current batch has personal experience with the problems they are solving, which gives them unique insights into the market they operate in. India is now only second...