Meesho looks at fund raise $1bn at valuation of $8bn

Meesho looks at fund raise $1bn at valuation of $8bn

22 November 2021, Mumbai:

Social commerce startup Meesho is finalising a financing round of nearly $1 billion that may take its valuation to around $8 billion, three people in know of the matter told TOI.

The latest talk of a fund-raise comes after the Bengaluru-headquartered company's valuation doubled to $4.9 billion in September, when investors led by US asset manager Fidelity and B Capital pumped in $570 million. Social commerce uses online platforms such as Facebook, WhatsApp and Instagram to promote and sell products & services.

Fidelity Investments Review

In April, Meesho was valued at $2.1 billion, when it raised $300 million from SoftBank's Vision Fund. The new round may get finalised in January.


(The news article has not been edited by DFU PUBLICATIONS STAFF)

How to do Valuation Analysis of a Company - Groww


Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.


TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India, Noida


Return to homepage

Author’s Posts