Meesho raised $300 million in a funding from investors including Tiger Global and SoftBank to pay relevant taxes ahead of its planned IPO.
Meesho raised $300 million in a funding from investors including Tiger Global and SoftBank to pay relevant taxes ahead of its planned IPO.
03/26/24, 5:00 AM
Location
bangaloreMoney raised
$300 million
Industry
financial services
software
Investors
Mars Growth Capital, Peak Xv Partners, Soft Bank, Tiger Global
Meesho is set to raise $300 million from investors including Tiger Global and SoftBank. The latest funding round will also mark the return of Tiger Global in India as it will be the investor’s first major round since Scott Shleifer stepped down in November. The current round values Meesho at $3.9 billion, 20% lower than its previous valuation of $4.9 billion in 2021. The funding will be used to pay the relevant taxes ahead of Meesho's planned IPO.
Company Info
Location
bangalore, karnataka, india
Additional Info
Meesho is India’s fastest growing internet commerce company. We want to make eCommerce accessible to all. Our vision is to enable 100 million small businesses in India, including individual entrepreneurs, to succeed online. Our mission is to democratise internet commerce by bringing a range of products & new customers online. What started as a reseller-focused platform six years ago has now emerged as a single ecosystem connecting millions of sellers, consumers and entrepreneurs.