Social Commerce Startup Meesho Raises $125M In New Funding Round Led By Naspers

Social Commerce Startup Meesho Raises $125M In New Funding Round Led By Naspers

SUMMARY

Funding round also saw participation from existing investors like Facebook, SAIF, Sequoia &Shunwei Capital

Meesho plans to use the new funds to further build its technology platform to accommodate new product lines

Latest investment expected to strengthen Meesho’s community of women entrepreneurs

Even as speculation is rife about a SoftBank Vision Fund investment, social ecommerce startup Meesho has announced closing a $125  Mn funding round led by Naspers, with participation from Facebook and existing investors SAIF, Sequoia, Shunwei Capital, RPS and Venture Highway.

“The new funds will enable strides towards this goal by allowing the company to make deeper inroads in areas outside India’s major metro regions, by creating more entrepreneurs, and as a result reaching remote customers not serviced by traditional e-commerce marketplaces,” the company said in a release.

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.