A few VC – Venture Capital firms are arranging to partake in Meesho’s ongoing round, various sources mindful of the improvements.

Since March, when sources subjected this matter detailed that the organization is arranging $300 million from Tiger Worldwide, Pinnacle XV Accomplices, SoftBank and different financial backers, atleast four others have said that the domestic e-commerce business platform is probably going to build the round size and raise a sum of around $500-650 million.

Of the aggregate sum, the essential capital of around $300 million will be utilized to take care of expenses that emerge from flipping the organization’s base back to India from Delaware and the excess will be the optional part.

In the previous months Meesho even drew in with Accel. Talks between the financial backer and the organization have anyway not fructified, two individuals referred to above issue told.

Fascinatingly, a major player in VC market of India, Accel was an early supporter of Flipkart – Meesho’s most despised rival. Here an early benefactor of Flipkart has shown interest in Meesho. Tiger Global, which is planning to cut a cheque for Meesho in the continuous round, was the other one. While Tiger Global and Peak XV are driving the ongoing round.

SoftBank, WestBridge Capital, Singapore-based Mars Growth Capital are the others partaking in the round. Venture Highway and Meta (previously Facebook) are among the early supporters weakening their stake. The round values Meesho at $3.9 billion, 20 percent lower than $4.9 billion valuation it directed during its past fundraise in 2021. The decrease in esteem comes after Constancy cut Meesho’s valuation to $3 billion.

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