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.

Meesho’s immense popularity and potential for further expansion is clearly exciting major venture capital firms.

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.

With names like Tiger Global and Accel showing interest, it’s no surprise Meesho’s round is attracting such high-caliber support.

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.