Meesho raises $125 mn fund

Bengaluru: E-commerce platform Meesho on Monday said that it has received an investment of $125 million in its latest funding round led by South Africa-based global consumer internet group Naspers.

The other participants in the funding round were Facebook and existing investors SAIF, Sequoia, Shunwei Capital, RPS and Venture Highway, the company said in a statement.

Former Vodafone Group CEO Arun Sarin also participated in the round.

Meesho is a social commerce online marketplace in India that enables independent resellers to build small businesses by connecting them with suppliers.

The company also provides logistics and payment tools on the platform.

These sellers then sell within their social networks on WhatsApp, Facebook and Instagram.