Total amount raised
$1.7 Billions
Latest funding date
Location
Title
Meesho has successfully raised significant funding through multiple rounds, with the latest being a Secondary Market round. The platform is a social commerce hub that connects manufacturers, wholesalers, and suppliers with resellers who utilize social media to sell products.
Keep reading to explore the intricacies of Meesho's fundraising journey and the investors backing this innovative platform.
What Is Meesho?
Meesho, founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, is a social commerce platform based in Bangalore, Karnataka, India. The company connects manufacturers, wholesalers, and suppliers with resellers who use social media to sell products. With a workforce of 1001-5000 employees, Meesho offers a wide range of products, including fashion, electronics, and home goods.
How Much Funding Has Meesho Raised?
- Series B
- Amount Raised: $11.5M
- Date: June 2018
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and enhance technology infrastructure.
- Series C
- Amount Raised: $50M
- Date: November 2018
- Lead Investors: DST Partners, RPS Ventures, Shunwei Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market reach.
- Corporate Round
- Amount Raised: $25M
- Date: June 2019
- Lead Investors: Meta
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage strategic partnerships and enhance platform capabilities.
- Series D
- Amount Raised: $125M
- Date: August 2019
- Lead Investors: Prosus & Naspers
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and improve logistics.
- Series E
- Amount Raised: $300M
- Date: April 2021
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and scale operations.
- Series F
- Amount Raised: $570M
- Date: September 2021
- Lead Investors: B Capital, Fidelity
- Valuation at Round: $4.9 billion
- Motivation Behind the Round: To prepare for future growth and potential IPO.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: October 2021
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage operational expenses and support growth.
- Secondary Market
- Amount Raised: $52.5M
- Date: September 2023
- Lead Investors: WestBridge Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Venture Round
- Amount Raised: $275M
- Date: May 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product offerings.
- Secondary Market
- Amount Raised: $260M
- Date: January 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: $3.9–4 billion
- Motivation Behind the Round: To support restructuring and prepare for IPO.
Meesho has raised a total of $1.669 billion with a current valuation of $3.9–4 billion.
Key Investors
- Peak XV Partners
- Details: Formerly known as Sequoia India, Peak XV Partners is a prominent venture capital firm. They invest in various stages of a company's lifecycle, from early to growth stages.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Byju's, Zomato, OYO.
- WestBridge Capital
- Details: WestBridge Capital is a private equity firm that focuses on investments in India and South Asia. They specialize in both public and private equity investments.
- Investment Focus Areas: Consumer, financial services, healthcare.
- Notable Investments: PolicyBazaar, Delhivery, Star Health.
- Tiger Global
- Details: Tiger Global is a leading global investment firm. They focus on private and public companies in the internet, software, consumer, and financial technology sectors.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Flipkart.
- Think Investments
- Details: Think Investments is an investment firm that focuses on long-term investments. They invest in both public and private companies across various sectors.
- Investment Focus Areas: Public and private companies across various sectors.
- Notable Investments: Uber, Airbnb.
- Mars Growth Capital
- Details: Mars Growth Capital is a venture debt fund. They provide growth capital to technology companies.
- Investment Focus Areas: Technology companies.
- Notable Investments: Technology startups.
What's Next for Meesho?
Meesho's future is brimming with opportunities as it prepares for an IPO by 2026. The company is restructuring and relocating to India, aiming to streamline operations and strengthen its position in the burgeoning e-commerce market. With a fresh $270 million funding round, Meesho's total funding now stands at $550 million, positioning it well for future growth.
As Meesho gears up for its IPO, additional funding rounds are likely to support its ambitious plans. The company aims to file its draft red herring prospectus with SEBI in the second half of 2025, targeting an Indian stock market listing in 2026. However, challenges such as regulatory approvals, managing tax obligations, and successfully shifting domicile to India could pose hurdles along the way.
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