Meesho Raises $275M at $3.9B Valuation for Social Commerce Platform

A new fundraising round of $275 million has been secured by Meesho, a top e-commerce firm in India with about 150 million customers who have transacted, according to a disclosure made by the business in a securities filing.

TechCrunch was informed by individuals who are familiar with the subject that the new cash is a component of a larger financing round that is anticipated to include secondary deals and balloon to more than $500 million.

The business, which has its headquarters in Bengaluru and offers a social commerce network, is being valued at approximately $3.9 billion in the round, according to the persons making the statement. They asked to remain anonymous since the discussions are still taking place. At the time of its most recent capital raising, which took place in September 2021, the business, which has already amassed more than $1.2 billion in funding, was valued at $4.9 billion.

Meesho is one of the e-commerce firms in the country that is progressing at the fastest rate. In the beginning of this year, Bernstein analysts projected that it had a run-rate gross merchandise volume of more than $5 billion.