Total amount raised
$1.7 Billion
Latest funding date
1/1/2025
Location
Meesho has successfully raised a significant amount of funding over 14 rounds, attracting a diverse group of investors. The platform enables individuals and small businesses to start their online stores without any investment.
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, is a social commerce platform based in Bangalore, Karnataka, India. The company operates in the E-Commerce, E-Commerce Platforms, and Fashion industries, enabling individuals and small businesses to start their online stores without any investment.
With a significant employee base ranging from 1001 to 5000 employees, Meesho has grown rapidly, attracting substantial funding over multiple rounds. The platform offers a wide range of products, including fashion, electronics, home decor, and groceries, emphasizing features like easy returns, cash on delivery, and competitive pricing.
How Much Funding Has Meesho Raised?
- Round Name: Series B
- Amount Raised: USD 11,500,000
- Date: June 2018
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its product offerings and scale its operations.
- Round Name: Series C
- Amount Raised: USD 50,000,000
- Date: November 2018
- Lead Investors: DST Partners, RPS Ventures, Shunwei Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand into new markets.
- Round Name: Corporate Round
- Amount Raised: USD 25,000,000
- Date: June 2019
- Lead Investors: Meta
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage strategic partnerships and boost growth.
- Round Name: Series D
- Amount Raised: USD 125,000,000
- Date: August 2019
- Lead Investors: Prosus Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve logistics.
- Round Name: Series E
- Amount Raised: USD 300,000,000
- Date: April 2021
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its user base and enhance platform features.
- Round Name: Series F
- Amount Raised: USD 570,000,000
- Date: September 2021
- Lead Investors: B Capital, Fidelity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To prepare for an IPO and strengthen market position.
- Round Name: 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 initiatives.
- Round Name: Secondary Market
- Amount Raised: USD 52,500,000
- 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.
- Round Name: Series Unknown
- Amount Raised: USD 274,999,928
- Date: May 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support expansion and technological advancements.
- Round Name: Secondary Market
- Amount Raised: USD 260,000,000
- Date: January 2025
- Lead Investors: Mars Growth Capital, Think Investments, Tiger Global Management
- Valuation at Round: USD 3.9–4 billion
- Motivation Behind the Round: To restructure, relocate to India, and prepare for an IPO by 2026.
Total Amount Raised: USD 1,679,999,928. Current Valuation: USD 3.9–4 billion.
Key Investors
- Peak XV Partners
- Details: Peak XV Partners is a venture capital firm that focuses on early-stage and growth-stage investments. They have been a significant player in the tech and consumer sectors.
- Investment Focus Areas: Technology, consumer sectors, early-stage companies
- Notable Investments: Meesho, Byju's, Swiggy
- WestBridge Capital
- Details: WestBridge Capital is an investment firm that focuses on public and private equity investments in India. They have a strong track record of backing high-growth companies.
- Investment Focus Areas: Public equity, private equity, high-growth companies
- Notable Investments: Meesho, Oyo, PolicyBazaar
- Mars Growth Capital
- Details: Mars Growth Capital provides growth capital to technology and e-commerce companies. They are known for their strategic investments in high-potential startups.
- Investment Focus Areas: Technology, e-commerce, growth-stage companies
- Notable Investments: Meesho, Zomato, Ola
- Think Investments
- Details: Think Investments is a firm that focuses on public and private equity investments, particularly in growth-stage companies. They have a diverse portfolio across various sectors.
- Investment Focus Areas: Public equity, private equity, growth-stage companies
- Notable Investments: Meesho, Flipkart, Byju's
- Tiger Global Management
- Details: Tiger Global Management is a global investment firm that focuses on technology, e-commerce, and startups. They have a history of backing some of the most successful tech companies.
- Investment Focus Areas: Technology, e-commerce, startups
- Notable Investments: Meesho, Flipkart, Byju's, Zomato
What's Next for Meesho?
Meesho's future looks promising as it prepares for an IPO by 2026, aiming to capitalize on India's booming e-commerce market. The company's restructuring and relocation to India are strategic moves to streamline operations and reduce tax obligations, setting the stage for significant growth.
With the Indian e-commerce sector expanding rapidly, Meesho has a substantial opportunity to increase its market share. Future fundraising efforts are likely to attract both existing and new investors, bolstering its financial position ahead of the IPO. However, navigating regulatory requirements and managing the complexities of restructuring will be critical challenges.
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