WestBridge acquires Venture Highway's 1.5% stake in e-commerce co Meesho

VC firm Venture Highway has concluded a secondary sale of 1.5% of its stake in Bengaluru-headquartered e-commerce firm Meesho to WestBridge Capital at an estimated valuation of about USD 3.5 Billion, making a 50-times return. Venture Highway invested in the Softbank-backed e-commerce firm's first round in 2015. The firm continued to invest in Meesho in subsequent rounds.