Meesho an Indian e-commerce Company Valued At$4.9 Billion

Share Us

914
Meesho an Indian e-commerce Company Valued At$4.9 Billion
30 Sep 2021
8 min read

Podcast

News Synopsis

The Indian startup scene is booming. Even saying that would be an understatement. Earlier this year Zomate put out its IPO which was a huge success and made the company one of the biggest online food apps in the world. Now it’s Meesho. Meesho is an Indian online e-commerce platform that allows local sellers to sell their products and earns from their commission. The app is a huge success across India and has made a lot of people conduct online business successfully. Especially during the pandemic, many sellers, who otherwise would have gone bankrupt, found customers online. Recently, Meesho became a unicorn after it raised $300 from a Japanese corporation. That alone made Meesho into a huge giant but the recent investment has taken the app to tall new heights. 

Meesho raised well over $500 million which has taken its total worth to a massive $4.9 billion. The capital was invested by Fidelity Management & Research Company and Facebook, Inc. co-founder Eduardo Saverin’s B Capital Group, among some other investors. This is huge news since it establishes that now Indian startups can get international investors from around the world, be it America or Japan. It will give a huge boost to the morale of many Indian entrepreneurs who are starting out. It will allow them to contact investors outside India to set up their own startup. This will also allow many foreign investors to venture into the Indian startup scene.

TWN Opinion