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Meesho amasses $300 million from SoftBank Vision Fund as valuation runs past $2 billion

Meesho just came into the market and collected lots of appreciation. It’s a social commerce platform, which is the first Indian Startup in which Facebook picked up an equity stake. It has raised $300 million from Softbank Vision fund 2. With this funding, Messho is another unicorn in India with a valuation of $2.1 billion. 

Some of the existing investors namely Prosus Ventures, Shunwei Capital, Venture highway, Knollwood Investment, and Facebook. 

Meesho is a mobile application, a platform for resellers, and connects them with customers through social media channels like Whatsapp, Facebook, and so on. In the last year, Meesho claims to have supported 13 million entrepreneurs via its platform. 

The founder of Meesho Vidit Aayrey and CEO said in a statement “We are focused on expanding our vision — from helping aspiring women entrepreneurs to creating Meesho as a single ecosystem that will enable all small businesses in India to succeed online. In the last year, we have seen tremendous growth across small businesses and entrepreneurs seeking to move their businesses online. And with our new vision, we will enable 100 million small businesses to start, succeed and lead their operations online with Meesho as their partner in their journey”. 

With the advent of the latest funds and technology, the platform will be hiring across verticals- namely product, business, and others. 

Meanwhile, Munish Varma, the managing partner at Softbank Investment Advisers in a statement- “By using the power of artificial intelligence and machine learning, Meesho has created a platform for many small business owners to sell to the next cohort of internet users”. 

Note: This news is based on millions of articles over the internet, Global Business Line does not take any responsibility for the facts and information mentioned in this news article.

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