Meesho, the social-commerce platform, has reportedly closed an investment of $275 million from the Securities and Exchange Commission, USA.
This fundraise is still open, investors in this round included existing investors SoftBank, Prosus, Elevation Capital, and Peak XV Partners.
With this funding round, the current valuation for Meesho will be $3.9 billion. According to reports, Meesho is mulling to extend the size of the current round to somewhere between $500 million to $600 million.
The SEC filing also showed that the Meesho parent US entity transferred its shares. The company declined to provide further details of the share transfer.
In January this year, global investment firm Fidelity revised the value of its stake in Meesho to $3.5 billion.
The significant investors in Meesho include Meta, Peak XV, Prosus Ventures, B Capital, and SoftBank.
Reports are that the gross merchandise value (GMV) run rate for Meesho is over $5 billion, indicating high visibility and traction within the e-commerce space.
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