Facebook-backed Meesho nears $250 million funding from SoftBank Vision Fund, others

Bengaluru | Mumbai: Facebook-backed Meesho is in the final stages of negotiations to raise $250 million in funding led by Softbank Vision Fund, multiple people in the know of the matter told ET requesting anonymity as the information is not public yet.

The investment round will value the nearly six-year-old Bengaluru-based startup at as much as $2 billion, which is more than double the valuation from its previous round. This also means Meesho will be the latest startup to be inducted into the coveted unicorn club.