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

Meesho app
Premium

In its last fundraise, Meesho raised $600 million in September 2021

Surajeet Das Gupta New Delhi
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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 25 2022 | 6:10 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com