Private Equity Fund Investments
Social commerce co. Meesho raised $570-M led by B Capital, Fidelity
Bangalore-based social e-commerce Unicorn Meesho has raised USD 570 Million led by B Capital Group and Fidelity Management & Research Company. Existing investors Prosus Ventures, SoftBank Vision Fund 2 and Facebook and other new investors including Footpath Ventures, Trifecta Capital, Good Capital participated in the round. Following the latest fund raise, the company's valuation has more than doubled to $4.9 billion in less than five months. Meesho is currently enabling 100 million SMBs across tier 2+ cities, empowering them to sell online, leveraging its digital commerce platform. It expects to utilize the fresh funding to grow its technology and product talent by 2.5x, increase its roster to 50+ million products and expand its community group buying business to 200+ cities. Meesho is also looking to expand its groceries and FMCG offerings with Farmiso (Meesho Grocery)..
From the Venture Intelligence PE-VC Deal Database: Between Oct-17 and Apr-21 Meesho had raised more than USD 490 million from Prosus Ventures, RPS Ventures, Shunwei Capital, Prosus Ventures, VH Capital, Sequoia Capital India, Elevation Capital, DST Global and Integrated Capital. In April-21, it had raised $300 million led by SoftBank Vision Fund 2.
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