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 Paromita Gupta

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.

Paromita Gupta

Entrepreneur Staff

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

NeoSapien Secures INR 80 Lakhs on Shark Tank India 4 for AI Wearable

Founded in 2024 by Dhananjay Yadav and Aryan Yadav, NeoSapien aims to integrate AI into daily life through its wearable technology

Growing a Business

5 Risk-Taking Lessons From Founders Who Bet Big and Won

Discover the bold moves and strategic risks that catapulted these entrepreneurs to success. Learn how their fearless decisions can inspire your own path to growth.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

News and Trends

BGauss Secures Rs 161 Crore Funding from Bharat Value Fund to Accelerate Expansion

The funds will be utilized to scale BGauss's manufacturing capacity, enhance in-house R&D for new product launches, and bolster marketing efforts