Meesho raises $125 million funding from Naspers, Facebook & current investors
The social commerce start-up’s current investors include SAIF Partners, Sequoia Capital, Shunwei Capital, RPS and Venture Highway
Meesho, a social commerce start-up, has raised $125 million funding from Naspers, Facebook and current investors SAIF Partners, Sequoia Capital, Shunwei Capital, RPS and Venture Highway, as per media reports.
The funding, as per reports, saw over 80 per cent participation from Naspers and Facebook, and former Vodafone CEO Arun Sarin was also took part.
Vidit Aatrey, CEO, Meesho was quoted as saying: “In the last few months, we have launched categories including cosmetics, FMCG and travel packages. The focus is now on scaling these businesses along with existing ones across the country, primarily smaller towns and cities. This includes introducing more regional languages on our app (from seven currently), leveraging our referral program which is our biggest growth driver, and a mix of online and offline reachout strategy.”
In June, exchange4media had reported that Facebook has announced an investment in Meesho and it is the social media giant’s first investment in an India-based start-up.
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