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...