Social commerce startup Meesho said it has raised $300 million in a new round of funding led by SoftBank Vision Fund 2. The round values Meesho at $2.1 Billion, making it the latest entrant to India’s unicorn club.
Existing investors Prosus Ventures, Facebook, Shunwei Capital, Venture Highway and Knollwood Investment also participated in the round.
Meesho helps small businesses and individuals become sellers on social platforms such as WhatsApp, Facebook and Instagram. The Bengaluru-based startup, founded by Vidit Aatrey and Sanjeev Barnwal in December 2015, competes with firms such as GlowRoad and Shop101.
“With the new round of funding, we are extremely thrilled to have SoftBank onboard. We are focused on expanding our vision — from helping aspiring women entrepreneurs to creating Meesho as a single ecosystem that will enable all small businesses in India to