Indian social commerce Meesho valued at $2.1 billion in new $300 million fundraise

Indian social commerce Meesho valued at $2.1 billion in new $300 million fundraise

3 years ago
Anonymous $hYN7Hy7o7J

https://techcrunch.com/2021/04/04/indian-social-commerce-meesho-raises-300m-at-2-1b-valuation-softbank/

Meesho said on Monday it has raised $300 million in a new financing round led by SoftBank Vision Fund 2 as the Indian social commerce startup works to become the “single ecosystem that will enable all small businesses to succeed online.”

The new round — a Series E — gives the five-year-old startup a valuation of $2.1 billion, up from about $600 million – $700 million in the 2019 Series D investment. The Indian startup, which has raised about $490 million to date, said existing investors Facebook, Prosus Ventures, Shunwei Capital, Venture Highway, and Knollwood Investment also participated in the new round.

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