The social commerce platform Meesho has raised $275 million (about Rs 27.5 crore) from investors, including Prosus, SoftBank, Elevation Capital and Peak XV Partners. Meesho is valued at $3.9 billion (Rs 390 crore) according to the most recent fundraising round, with intentions to raise that amount to $500–600 million (Rs 50–60 crore). Meesho has raised $1.36 billion (Rs 136 crore) in total since 2015, including secondaries.
The SEC regulatory filing also indicated a share transfer at Meesho’s US parent firm. The company did not divulge much information about further details about share transfer. In January this year, global investment firm Fidelity had marked down the value of its holding in social commerce platform Meesho, to $3.5 billion.
The e-commerce platform has Meta, Peak XV, Prosus Ventures, B Capital, and SoftBank among its investors. Its current gross merchandise value (GMV) run rate is over $5 billion.
In another development, Meesho has appointed Surojit Chatterjee, former Senior Vice President (SVP) of Flipkart as an independent director to its board. In his most recent role, Chatterjee, worked as the chief product officer (CPO) of Coinbase, the cryptocurrency exchange platform.
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