[Funding] Meesho raises USD 300 Million from Softbank; valuation passes USD 2 Billion
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New Delhi, April 5 -- Social commerce platform Meesho has announced a fundraise of $300 million led by SoftBank Vision Fund II. Existing investors Prosus Ventures, Facebook Inc., Shunwei Capital, Venture Highway and Knollwood Investment also participated in the round. With the inclusion of the fresh funds, the company's valuation is now $2.1 billion from around $700 million in 2019.
"We focus on expanding our vision from focusing on enabling aspiring women entrepreneurs to create Meesho as a single ecosystem that will enable all small businesses to succeed online," said Vidit Aatrey, founder and CEO. "In the last one year, we have seen tremendous growth across small businesses and entrepreneurs seeking to move their businesses online."
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