Meesho Aims To Be Valuated Over $4 Billion

Latest Meesho News-

After just three months, of its previous funding round, Meesho, who is one of the best rising startups in India, is back at fundraising. This time it’s even bigger and better, with an aim to grab almost double its valuation. The social commerce platform is taking bigger steps now and is talking $100 million now, in a new round from two new and existing investors.

“Meesho is looking at a $100 million round from two new investors and existing backers including SoftBank and Prosus,” said one of the sources while staying anonymous. “The round will also have a major secondary component that’ll make it even better for the rising startup.” This attempt to raise the Startup financials is a big step for Meesho’s future.

When the funding goes through, this will be the second time Meesho got funding in the year 2021 and established a good rapport among the investors. The social commerce platform, became the unicorn of Indian startups in April when it raised $300 million from SoftBank and others in a single round. 

According to recent reports by anonymous sources, Meesho is going to be valued at over $3.5 billion in this new investment round. This investment will give Meesho a boosted jump in the company’s valuation as compared to its valuation in April this year.

“Meesho will ramp up its consumer internet play with this new round to eventually challenge Amazon and Flipkart in top 10 and tier I cities markets,” said the same anonymous source. Emails regarding this Latest Startup News, sent to all the companies involved in this investment round could not get any official response. So, there’s no official confirmation of the matter yet.

Meesho has come up like a champion and has set down roots very deep in the soil of social eCommerce by acing the reseller model since 2015. However, the company has also been experimenting, since last year, with a new model that enables customers to order goods directly from Meesho, this gives the rising startup an added advantage. Currently, the company is trying a new method called the white label solution to let itself enter the stage where it is able to get direct orders from the consumers. And the anonymous sources also stated that Meesho will soon start fulfilling these direct orders with Meesho’s own branding.

“Meesho has risen from the ashes and has reached the sky by establishing itself as the third-largest social e-commerce business after Walmart. There has been a lot of inbound interest from investors in Meesho, which tells everyone that there’s a long way to go for Meesho.

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