Social e-com firm Meesho to raise $500-M

Social e-commerce player Meesho has mandated Morgan Stanley to identify a lead investor for a fresh round of funding which will be used primarily to build up a war chest for acquisitions. The size of the fundraise may be around USD 500 million. Meesho's investors expect the funding to push the valuation of the company to USD 5-7 billion from the current valuation of USD 4.9 billion.