Singapore – April 5, 2021 – Cooley advised Meesho, India’s leading social commerce platform, on raising $300 million in funding, which brings the company’s valuation to $2.1 billion. SoftBank Vision Fund 2 led the round, which also included participation from existing investors Prosus Ventures, Facebook, Shunwei Capital, Venture Highway and Knollwood Investment. Partners Ferish Patel and Patrick Loofbourrow led the Cooley team advising Meesho.
Meesho aims to simplify ecommerce for all small businesses in India, empowering business owners to reach customers through multiple channels. The company will use the new capital to strengthen its talent pool across verticals, including tech, product and business.
“We are focused on expanding our vision from focusing on enabling aspiring women entrepreneurs to creating Meesho as a single ecosystem that will enable all small businesses to succeed online,” Vidit Aatrey, Meesho co-founder and CEO, said in a news release. “In the last year, we have seen tremendous growth across small businesses and entrepreneurs seeking to move their businesses online, and our new vision focuses on enabling 100 million small businesses to succeed, thrive and lead their operations online with ease on our platform.”
Over the last five years, Meesho has successfully enabled more than 13 million entrepreneurs to start their own online reselling businesses with zero investment, bringing the benefits of ecommerce tomore than 32 million customers in India.
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