Meesho raises $275 million, eyes $ 600 million in ongoing round

Indian e-commerce platform Meesho has raised $275 million from investors, the company revealed in a regulatory filing with the Securities and Exchange Commission (SEC) in the United States, an Economic Times report said. The SoftBank-backed e-commerce firm has seen a growing interest from investors for having demonstrated sustainable growth.

SoftBank, Prosus, Elevation Capital, Peak XV Partners are among the existing investors of Meesho. The development marked the first tranche of a larger funding round of $600 million, for which talks are being held by the firm.