Meesho equips to secure $300 million from Tiger Global & SoftBank
Online Shopping platform giant, Meesho readies to bag $300 million from the key investors such as Tiger Global & SoftBank. According to Moneycontrol, the funding is expecting to see the presence of other investors including Mars Growth Capital & Peak XV Partners.
The recent funding round led by Peak XV Partners & Tiger Global which are collectively investing $150 million. Alongside with some of its limited partners, Peak XV is possibly to inject funds about $70 million.
Here, Tiger Global is fresh investor in Meesho but Peak XV is a prevailing investor that had initially infused in the company in 2018. The present funding round values of Meesho is at $3.9 billion, which is 20 percent lesser than $4.9 billion estimation throughout its earlier fundraising in the year 2021. In the development, residual $150 million will originate from SoftBank, a current investors, which is expected to push the funds above $30 million.
A relevant source subjected to this matter told to Moneycontrol, “Meesho is in the process of flipping its base back to India from Delaware and a bulk of the fresh capital will be used to pay the relevant taxes ahead of its planned IPO."
In the preceding fiscal year, Meesho lessen its losses to 
1, 675 crore from 3,251 crore in the financial year FY22 & recorded its total revenue form the company’s operations increased 77 percent from 3,232 crore in FY22 to 5,735 crore in FY23.
1, 675 crore from 3,251 crore in the financial year FY22 & recorded its total revenue form the company’s operations increased 77 percent from 3,232 crore in FY22 to 5,735 crore in FY23.Read More News :
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