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Social commerce startup Meesho gets $125 mn funding from Facebook, Nasper

Meesho is part of a crop of new e-commerce companies that are trying to take advantage of social connections to facilitate sales

Vidit Aatrey ,co- founder of Meesho
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Vidit Aatrey ,co- founder of Meesho

Saritha Rai | Bloomberg
Meesho, an Indian e-commerce site, said it raised $125 million from investors including Naspers Ltd, Facebook Inc and the former chief executive officer of Vodafone Group Plc.

The Bangalore-based company is a so-called social commerce startup that allows people to build connections online and then sell through social networks such as Facebook and WhatsApp. Other investors in the company include Sequoia, Shunwei Capital and Venture Highway.

Meesho is part of a crop of new e-commerce companies that are trying to take advantage of social connections to facilitate sales. The startup says that it has a network of more than 2 million “social