Naspers Leads USD125 Million Investment Round for Meesho
Posted On: 12 Aug 2019 | Source: Naspers
Global technology group Naspers has led a USD125 million investment round for India-based e-commerce platform Meesho. Other investors in the round include Facebook, individual investor Arun Sarin, and venture capital investors SAIF Partners, Sequoia Capital, Shunwei Capital, RPS Ventures, and Venture Highway. Meesho connects product resellers with suppliers and provides logistics and payment services via its platform. The company—which currently has a network of more than 2 million sellers across 700 cities in India—will use the new capital to reach customers in remote areas of India, grow its community of female entrepreneurs, and enhance the platform’s underlying technology capabilities.