Facebook-backed social commerce platform Meesho crossed a $2B valuation after its Series E funding round. The India-based startup raised $300M at a $2.1B valuation from SoftBank Vision Fund 2, Prosus Ventures, Facebook, Shunwei Capital, Venture Highway, and Knollwood Investment.
- Meesho's marketplace enables business individuals to sell their products through social platforms such as Facebook, WhatsApp, Instagram, or Twitter.
- Serving 13 million entrepreneurs and 45 million customers, Meeshoo shares the market with Reliance Industries, Amazon, Flipkart, Dealshare, Glowroad, Shop101, and Kiko TV.
- The company will invest the funds in seeking new talent for its technology, business, and product divisions, expanding its current 1500 employee base.
- Among the startup's backers since it was founded in 2015 are top-tier VCs such as Y Combinator and Sequoia Capital.