On 30th September, Meesho, the social commerce platform said that the company has raised $570 million in the Series F round, which was led by Fidelity and Capital B. The valuation has been doubled in the five months and reached $4.9 billion.
In an interview with Moneycontrol, Vidit Aatrey, the Co-Founder and CEO of Meesho said, “We just have grown very fast and the business has grown very fast. There was a lot of inbound interest from investors and the market environment is also great in terms of capital.”
Many existing investors including SoftBank Vision Fund 2, Prosus Ventures, and Facebook participated in this round. The other new investors were Good Capital, Trifecta Capital, and Footpath Ventures. None of these investors sold their stake in this round.