Indian social commerce startup Meesho raises $125m led by Naspers

Meesho co-founders Sanjeev Barnwal (left) and Vidit Aatrey. Photo: Mint

Social commerce platform Meesho has raised $125 million in a round led by South Africa’s Naspers with participation from Facebook and existing investors SAIF, Sequoia, Shunwei Capital, RPS and Venture Highway, said the company on Monday. Former Vodafone Group CEO Arun Sarin also participated in the round.

Meesho has built a network of more than 2 million ‘social sellers’ across 700 towns in India, along with a distribution channel for 15,000 suppliers in traditional manufacturing hubs. With current focus largely on apparel, home, wellness and electronics items, the company has a mission to create 20 million entrepreneurs by 2020.

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