Indian social commerce platform Meesho raises $275m in funding, led by SoftBank, Prosus, and Elevation Capital, valuing the company at $3.9bn.
Indian social commerce platform Meesho has raised $275m in an ongoing funding round, led by existing investors SoftBank, Prosus, Elevation Capital, and Peak XV Partners, which values the company at $3.9bn. The company aims to increase the round's size to $500-$600m and currently has a GMV run rate of over $5bn. Meesho competes with e-commerce giants like Amazon India and Flipkart.
May 11, 2024
7 Articles