Meesho raises $300 mn in funding round led by SoftBank Vision Fund 2
PTI
New Delhi |
Updated on
April 05, 2021
Meesho founders Sanjeev Barnwal (left) and Vidit Aatrey× Social commerce platform Meesho on Monday said it has raised $300 million (about ₹2,201.7 crore) in a funding round led by SoftBank Vision Fund 2.
The latest investment values Meesho at USD 2.1 billion and saw participation from existing investors – Prosus Ventures, Facebook, Shunwei Capital, Venture Highway and Knollwood Investment, a statement said. Meesho will use the funds to strengthen its talent pool across verticals – tech, product, and business, among others, it added. “We take pride at the rate of speed and the scale at which Meesho has grown, positively impacting millions of lives, and creating exponential learning along the way. With the new round of funding, we are extremely thrilled to have SoftBank onboard,” Meesho founder and CEO Vidit Aatrey said.