Announced
Financials
Sources
Tags
Cross Border
social commerce platform
E-commerce
India
Completed
Single Bidder
Acquisition
Friendly
Private
Private Equity
Minority
Venture Capital
Synopsis
SoftBank Vision Fund 2 led the $300m Series E round in Meesho, a social commerce platform in India, at a $2.1bn valuation. Existing investors including Prosus Ventures, Shunwei Capital, Venture Highway and Knollwood Investment also participated in the round. “With the new round of funding, we are extremely thrilled to have SoftBank onboard. We are focused on expanding our vision — from helping aspiring women entrepreneurs to creating Meesho as a single ecosystem that will enable all small businesses in India to succeed online. In the last one year, we have seen tremendous growth across small businesses and entrepreneurs seeking to move their businesses online. And with our new vision we will enable 100m small businesses to start, succeed and lead their operations online with Meesho as their partner in their journey," Vidit Aatrey, Meesho Founder and CEO.
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