Social Commerce Startup Meesho To Raise Funds From Fidelity, Others
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India, Sept. 24 -- Social commerce startup Meesho is reportedly in talks to raise a fresh round of funding worth between $550 Mn to $600 Mn at a valuation close to $5 Bn. According to a media report, the new round of investment will be led by US-based Fidelity.
People aware of the investment told ET that Fidelity may pump in around $100 Mn, whereas B Capital along with other investors including SoftBank, Prosus Ventures will infuse the remaining amount.
Founded by IIT-Delhi graduates Vidit Aatrey and Sanjeev Barnwal in 2015, Meesho became the first social commerce unicorn in April this year. The startup was among the five other Indian startups that achieved unicorn status. Facebook-backed Meesho raised $300 Mn in a funding round led by ...
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