Venture Capital

Facebook-backed Meesho Raises $300 Mn From Softbank, Valued At $2.1 Bn | Business Standard News

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Social commerce opportunity in India is pegged at $16-20 billion by 2025.: Social commerce platform Meesho, the first Indian startup to get Facebook investment in the form of an equity stake, said Monday it has raised $300 million in a new round of funding led by SoftBank Vision Fund 2, valuing the firm at $2.1 billion. The latest funding round saw participation from its existing investors Prosus Ventures, Facebook, Shunwei Capital, Venture Highway and Knollwood Investment.

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