Breaking News! Meesho has raised 300 Million USD in a fresh funding round led by SoftBank Vision Fund

We are super stoked to announce that Meesho, India’s leading social commerce platform has raised USD 300 million in a new round of funding led by SoftBank Vision Fund 2*. Along with SoftBank Vision Fund 2, the world’s largest technology-focused venture capital fund, the funding round also saw participation from existing investors such as Prosus Ventures, Facebook, Shunwei Capital, Venture Highway and Knollwood Investment.

The latest round of investment means that Meesho’s valuation is now at USD 2.1 billion.

India has nearly 60 million micro, small and medium enterprises (MSMEs) and Meesho’s immediate goal is to enable 100 million businesses including individual entrepreneurs to pave their paths of success online across India. These small businesses, including individual ventures, are often run by women entrepreneurs and “homepreneurs”, who have been able to become financially independent and successful over the years through Meesho.

With our new vision firmly in place, we intend to simplify ecommerce for all small businesses in India. This will help us build a platform which is pro-small businesses with policies and tools to help even the smallest of sellers to list and conduct business on Meesho. We are confident that this will empower small business owners to reach customers through all online channels.

Founder and CEO, Meesho Vidit Aatrey is proud of the speed and scale at which Meesho has grown in the last few years and has positively impacted millions of lives. He says, “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 succeed online. In the last one year, we have seen tremendous growth across small businesses and entrepreneurs seeking to move their businesses online. And with our new vision we will enable 100 million small businesses to start, succeed and lead their operations online with Meesho as their partner in their journey.”

Munish Varma, Managing Partner at SoftBank Investment Advisers says, “Globally, SoftBank has always been excited to back founders that provide unique solutions for the local market. By using the power of artificial intelligence and machine learning, Meesho has created a platform for many small business owners to sell to the next cohort of internet users. We look forward to being a part of this journey.”

Sumer Juneja, Partner at SoftBank Investment Advisers, adds: “We have been closely tracking Meesho for the last 18 months and have been impressed by its growth, daily engagement metrics, focus on unit economics and ability to create a strong team. We believe Meesho provides an efficient platform for SME suppliers and social resellers to onboard the e-commerce revolution in India and help them provide personalized experience to consumers.”

With a tech-first mindset that solves for billion users including consumers, individual entrepreneurs and small businesses, Meesho also boasts of an exceptional team, driven by autonomy and first principles thinking. These qualities have also propelled us into becoming a category creator. Meesho will use this new fund raise to strengthen its talent pool across verticals of tech, product., business and more.

From its humble beginnings six year ago, Meesho has successfully enabled over 13 million individual entrepreneurs to start their own online businesses with zero investment, bringing e-commerce to more than 45 million customers across India. Till date the company has delivered orders from 100K+ registered suppliers to over 26,000 pin codes in more than 4,800 cities, generating over 500 crore in income for individual entrepreneurs and serving customers in more than 4,500 Tier 2+ cities — truly bringing e-commerce to Bharat.

And this journey of ours couldn’t have been possible without our amazing investors who put so much faith in us, our extensive network of small entrepreneurs and businesses who are the real backbone of Meesho, and of course our wonderful talent who have made this journey exceptional and full of adventure.

Here’s towards building a single, powerful digital ecosystem to propel 100M small businesses to succeed online in India.

Join us, we are hiring.