Social e-com firm Meesho eyes $500-mn war chest; funds to be used for M&As

Mandates Morgan Stanley to find lead investor; funds to be used for M&As

Social e-commerce player Meesho has mandated Morgan Stanley to identify a lead investor for a fresh round of funding which will be used primarily to build up a war chest for acquisitions.

Talks are already on with potential sellers, according to sources aware of the developments.   

The size of the fund raise may be around $500 million. Meesho’s investors expect the funding to push the valuation of the company to $5-7 billion from the current valuation of $ 4.9 billion.

In its last fundraise, Meesho raised $600 million in September 2021. It has marquee investors which include SoftBank, Facebook, Fidelity as its