Meesho, a Bangalore-based social commerce startup, has raised $125 million in a new financing round to expand its business in the country and change the way millions shop online.
The Series D round was led by Naspers, and existing investors SAIF, Sequoia, Shunwei Capital, RPS and Venture Highway participating as well. Facebook also participated in the round, so did Arun Sarin, former CEO of Vodafone Group. The four-year-old startup has raised $190 million to date.
Meesho is an online marketplace that connects sellers with customers on social media platforms such as WhatsApp, Facebook, and Instagram. The startup claims to have a network of more than 2 million resellers from 700 towns who largely deal with apparel, home appliances and electronics items.
These resellers are mostly homemakers, most