New Delhi: Meesho, a social commerce platform, disclosed in a regulatory filing submitted to the Securities and Exchange Commission (SEC) in the United States that it has successfully secured $275 million in funding.
This fundraising effort, which is part of an ongoing round, saw contributions from existing investors such as SoftBank, Prosus, Elevation Capital, and Peak XV Partners.
The latest infusion of capital has propelled Meesho’s valuation to $3.9 billion. Reports suggest that Meesho is contemplating expanding the size of the ongoing round to $500-600 million.
Moreover, the SEC regulatory filing indicated a share transfer within Meesho’s US parent entity. However, the company refrained from disclosing detailed information regarding this transaction.
Earlier in January of this year, global investment firm Fidelity had reassessed the value of its stake in the social commerce platform Meesho to $3.5 billion.
Meesho boasts a diverse investor portfolio, including Meta, Peak XV, Prosus Ventures, B Capital, and SoftBank.
According to reports, Meesho’s current gross merchandise value (GMV) run rate exceeds $5 billion.
