Funding News: Meesho Secures Rs 2,439 Crore from Anchors Ahead of IPO

Startup: Meesho

Founders: Vidit Aatrey and Sanjeev Barnwal

About us: Meesho is an Indian e-commerce marketplace platform that connects suppliers, resellers and consumers especially in emerging towns offering a zero-commission model for sellers, socially networked discovery, and strong focus on value-priced offerings.

Founded Year: 2015 

Office: Headquartered in Bengaluru, India; serving customers across India.

Sector: E-commerce / Online Marketplace

Funding Round: Anchor investor round ahead of IPO

Investors: 125 marquee anchor investors including global asset managers such as BlackRock, Fidelity Investments, and domestic mutual funds such as SBI Mutual Fund. 

Meesho has secured Rs 2,439 crore (US $293 million) from anchor investors ahead of its IPO. The funds signal strong institutional confidence and will support its listing process and continued growth across its consumer-commerce platform.

Website: https://www.meesho.com

Also Read: E-commerce unicorn Meesho converts into public entity as it prepares for IPO