Ending Soon! Save 33% on All Access

Meesho Raises USD 275 Million From Existing Investors, Eyes More Capital Infusion The round values Meesho at USD 3.9 billion, 20 per cent lower than the USD 4.9-billion valuation it commanded during its previous fundraise in 2021.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Photo Curtesy: Meesho LinkedIn

Meesho, an e-commerce start-up on Saturday raised USD 275 million from existing investors like SoftBank, Prosus, Elevation Capital and Peak XV Partners, as per regulatory filings with the Securities and Exchange Commission (SEC). The capital infusion is part of a larger ongoing round at Meesho.

The company had raised USD 300 million initially. Increased investor interest can potentially increase the round size to as much as USD 500-650 million. According to the reports, the company is in talks and the final amount will be decided in due course.

The round, a mix of debt and equity, will also see Tiger Global ending its hiatus and returning to invest in Meesho for the first time. Of the total amount, the primary capital of around USD 300 million will be used to pay off taxes that arise from flipping the company's base back to India from Delaware ahead of an IPO in India.

The round values Meesho at USD 3.9 billion, 20 per cent lower than the USD 4.9-billion valuation it commanded during its previous fundraise in 2021.

The company, which competes with Walmart-owned Flipkart and Amazon, slipped into break-even in Q3FY24 after recording a profit of USD 5 million in Q2FY24, according to an internal set of documents that it shared with existing and potential investors.

Since 2015, Meesho has raised a total of USD 1.36 bn, including funds from secondary sources.

Founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, Meesho claims to have over 15 Lakh sellers on its ecommerce platform from across India. The start-up also claims to have more than 140 million annual transacting users.

Entrepreneur Staff

Entrepreneur Staff


For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Side Hustle

The Side Hustle He Started at Age 15 Led to a $4 Billion Boon for Small Businesses: 'They Would Take a Chance on Me With Their Hard-Earned Money'

Nic Beique asked his local barber, gym and more if they'd like him to build a website for their businesses.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Now that OpenAI's Superalignment Team Has Been Disbanded, Who's Preventing AI from Going Rogue?

We spoke to an AI expert who says safety and innovation are not separate things that must be balanced; they go hand in hand.

Starting a Business

I Wish I Knew These Four Things Before Starting My Own Business

Starting a business is hard work to say the least. These are four lessons I wish someone had shared with me before going solo, so I'm here to share them with you.

Employee Experience & Recruiting

Beyond the Great Resignation — How to Attract Freelancers and Independent Talent Back to Traditional Work

Discussing the recent workplace exit of employees in search of more meaningful work and ways companies can attract that talent back.


What Franchising Can Teach The NFL About The Impact of Private Equity

The NFL is smart to take a thoughtful approach before approving institutional capital's investment in teams.