$300 million in a fresh funding round led by SoftBank as led Social commerce platform Meesho to be the latest entrant into India’s unicorn club. Facebook backed Meesho is now valued at over $2 billion vs $700 mn in August post Facebook’s investment.
Meesho provides resellers, who largely comprise housewives and small businesses, with a platform to sell their products across social networks like WhatsApp and Facebook. Meesho caters to over 45 million customers and has 13 million individual entrepreneurs registered on it’s platform.
Meesho is the fifth Indian start-up this year to cross valuation of $1 billion and gain entry into the unicorn club.