India’s Meesho, which enables social commerce via WhatsApp, raises $50M
https://techcrunch.com/2018/11/05/meesho-raises-50-millon/
Meesho, a Bangalore-based social commerce startup, has closed a $50 million investment to grow its business in its Indian homeland ahead of future international expansion.
This Series C round means that Meesho, which graduated Y Combinator in 2016, has now raised three funding rounds in the past year. Its $3.4 million Series A came in October 2017 with an $11.5 million Series B closing in June of this year. That’s quite the rollercoaster and over the last year, Meesho has seen its top line revenue grow by over 100X so co-founder and CEO Vidit Aatrey told TechCrunch in an interview.