26 March 2024 – Meesho, an e-commerce platform, is going to receive $300 million from a group of investors, which includes two of the most active technology investors in the world, SoftBank and Tiger Global, who had refrained from making investments in India for over 18 months.
Moneycontrol was informed by at least three people with direct knowledge of the situation that the round would include participation from both current and new investors, including Peak XV Partners and Mars Growth Capital.
According to one of the individuals mentioned above, Tiger Global and Peak XV Partners are leading Meesho’s most recent funding round with a combined $150 million investment. The source further said that Peak XV and a few of its limited partners (LPs) are anticipated to contribute an additional $70 million.
Conclusion
Meesho is now valued at $3.9 billion, 20% less than the $4.9 billion it was valued at during its 2021 fundraising round. As Moneycontrol revealed in January, Fidelity’s $3 billion valuation drop of Meesho has decreased the company’s worth.
