Meesho funding | Pixr8 News

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...

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...

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