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Published
Sep 30, 2021
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Meesho raises $570 million, more than doubles valuation in less than six months

Published
Sep 30, 2021

Social commerce startup Meesho has raised $570 million (Rs 3,792 crore) in its Series F funding round and has more than doubled its valuation to $4.9 billion in less than six months, reporting strong growth. 

Meesho founders Vidit Aatrey and Sanjeev Barnwal - Meesho


The recent Series F funding round was led by Fidelity and B Capital Group and brings the business’ total funds raised so far to over $1 billion, Tech Crunch reported. The funding round did not involve any secondary transaction and businesses Prosus Ventures, SoftBank Vision Fund 2, Facebook, and Good Capital also participated. 
 
Meesho has held a Series E funding round in April this year when it was valued at $2.1 billion. The marketplace, which connects suppliers to resellers to customers has reported robust growth despite the ongoing pandemic, startup’s co-founder and CEO Vidit Aatrey told TechCrunch, in an interview. The platform enables resellers to retail goods through social media apps including Instagram, WhatsApp, and Facebook, among others. 

“Our mission has been to democratise internet commerce for everyone, including consumers, our Meesho entrepreneurs and small businesses,” said Aatrey. “And I think that’s our space: we will continue to focus on small businesses and on the demand side, we will continue to focus on the next billion customers.”

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