Meesho raised $550 million in a funding round led by Tiger Global and Think Investments to support its planned reverse merger and upcoming IPO.

Jan 27, 2025•9 months ago

Amount Raised

$550 Million

BengaluruFinancial ServicesSoftware

Investors

West Bridge CapitalPeak XvMars Growth CapitalThink InvestmentsTiger Global

Description

Ecommerce firm Meesho has closed a hefty $550 million funding round, with a significant portion acquired through secondary investments. The funds are primarily aimed at covering expenses related to a reverse merger as the company gears up for an initial public offering.

Company Information

Company

Fashnear Technologies Private Ltd

Location

Bengaluru, Karnataka, India

About

Other new backers include Footpath Ventures and debt venture debt fund Trifecta Capital, the company said. The company said it had 15 million transacting users in the same month. The company operates in the community group buying model driven by leaders. In April, Meesho was valued at $2.1 billion when it raised $300 million from SoftBank Vision Fund, which was its larger financing round. This year, Meesho also started to focus on selling directly to consumers through and compete directly with Walmart-owned Flipkart and Amazon India, ET reported on April l3.“We Meesho will use the fresh capital to double its research and development team and acquire more users.

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