Social commerce startup Meesho Inc. raised $570 million in fresh funding led by Fidelity Investments and Facebook co-founder Eduardo Saverin’s B Capital, adding to the frenzy of global backing for India’s startup ecosystem.
The fundraising takes the Bangalore-headquartered startup’s valuation to $4.9 billion, more than doubling from five months ago when
SoftBank Group Corp. led a round that
valued it at $2.1 billion. The Japanese company joined other existing investors
Naspers Ltd.’s
Prosus Ventures and
Facebook Inc. in the latest funding, the startup said in an emailed announcement.
India’s leading online retailers have focused mainly on the so-called organized segment comprising branded goods in fashion, home appliances and other categories, said Vidit Aatrey, Meesho’s co-founder and chief executive officer.
"Startup" - Google News
September 30, 2021 at 10:00AM
https://ift.tt/3upv4wR
Indian Startup Meesho Valued at $5 Billion by Fidelity - Bloomberg
"Startup" - Google News
https://ift.tt/2MXTQ2S
https://ift.tt/2z7gkKJ
No comments:
Post a Comment