Meesho, Popular E-commerce Startup Looks to Raise Even More Money
The popular shopping platform, which helps small businesses sell online, is looking to raise much more money than originally planned in its ongoing funding round.
And with several big-name backers lining up to get involved, Meesho could end up with a whopping $500-650 million on the table – a sizable increase over the $300 million target.
Since first announcing plans to raise $300 million in March, the startup has seen “at least four” additional investors eager to participate according to sources familiar with the talks.
While the extra capital will help cover tax obligations from a recent corporate restructuring, most is expected to go towards Meesho’s ever-growing ambitions.