Sequoia Leads $11.5 Million Investment in Meesho

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Indian startup news

Meesho, an Indian social commerce startup that works with online merchants in India to manage their e-commerce businesses on social media and messaging platforms, received an investment of $11.5 million through a fresh funding round led by venture capitalist major Sequoia Capital.

The Bengaluru-based startup, provides tools that help these merchants in sourcing, logistics and payments. Meesho, has now raised  $15 million in capital, and its existing investors SAIF Partners, Y Combinator and Venture Highway also participated in the new round.

Meesho was founded by  IIT-Delhi graduates Vidit Aatrey and Sanjeev Barnwal in 2015.  The company has been catering to social sellers including small retailers, housewives, students, among others. They typically earn between Rs 20,000-25,000 per month by selling products across fashion, lifestyle and many other categories.

Now Meesho has about 8 lakh registered sellers on its platform. “Most of the fresh capital will go behind enhancing technology and product along with hiring people, said Meesho co-founder Aatrey.

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