India: Meesho raises $570m led by Fidelity, B Capital, valuation doubles to $4.9b

Social commerce platform Meesho on Thursday said it has raised $570 million led by Fidelity Management & Research Company and Facebook, Inc. co-founder Eduardo Saverin’s B Capital Group. In five months since the last round of funding, Meesho recorded 2.5x growth in order volume.