Fidelity Management & Research Company and B Capital Group led a $570m Series F round in Meesho.

Fidelity Management & Research Company and B Capital Group led a $570m Series F round in Meesho, India’s fastest growing internet commerce platform, with participation from Prosus Ventures, SoftBank Vision Fund 2, Facebook, Footpath Ventures, Trifecta Capital and Good Capital. "We have evaluated e-commerce opportunities across emerging markets and are excited about Meesho’s focus on strong unit economics and a consumer-first approach. We are excited to partner with Meesho and its exceptional team that is democratizing e-commerce for a billion internet users across the country. Meesho’s business model has an incredibly compelling value proposition with entrepreneurs, end customers, and suppliers consolidating on one platform. It has rapidly emerged as a leading player in this space. Meesho is now enabling 100m SMBs across tier 2+ cities, empowering them to sell online, leveraging its digital commerce platform," Kabir Narang, B Capital Group Founding General Partner.