Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Nepal protests
  • Nepal Protests Live
  • Vice-presidential elections
  • iPhone 17
  • IND vs PAK cricket
  • Israel-Hamas war
fp-logo
Facebook-backed site Meesho raises $125 million in funding raised by Naspers
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Tech
  • News & Analysis
  • Facebook-backed site Meesho raises $125 million in funding raised by Naspers

Facebook-backed site Meesho raises $125 million in funding raised by Naspers

Reuters • August 12, 2019, 19:11:17 IST
Whatsapp Facebook Twitter

The new funds will allow Mesho to expand further outside India’s major metropolitan regions.

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
Facebook-backed site Meesho raises $125 million in funding raised by Naspers

Indian digital platform Meesho has raised $125 million in its latest funding round, led by South African internet group Naspers, the e-commerce start-up said on Monday. Cape Town-based Naspers is in the midst of deploying a close to $10 billion war chest to scale up its e-commerce ventures and make new investments in online classifieds, payments and food delivery platforms. The US tech giant Facebook also took part in the funding round, together with existing Meesho investors SAIF, Sequoia, Shunwei Capital, RPS and Venture Highway. Former Vodafone Group Chief Executive Sir Arun Sarin also participated. The Meesho platform allows re-sellers of everything from jewellery to mobile phones to reach prospective customers via social media platforms such as Facebook, WhatsApp and Instagram. [caption id=“attachment_7151201” align=“alignnone” width=“1024”]Image: Reuters Image: Reuters[/caption] It has built a network of more than 2 million sellers across 700 towns in India and created a disruptive distribution channel for 15,000 suppliers in traditional manufacturing hubs. The company has a mission to create 20 million entrepreneurs by 2020. The new funds will allow Mesho to expand further outside India’s major metropolitan regions, reaching remote customers not serviced by traditional e-commerce marketplaces, Naspers said in a statement. Meesho also plans to extend its platform to accommodate new product lines. Naspers said the investment, in addition to funding for education technology start-up BYJU’S and online food delivery business Swiggy, shows it is committed to India across multiple sectors. “Globally, Naspers identifies big areas of consumer spend that have not yet been significantly disrupted by technology, and India e-commerce certainly fits the bill,” said Ashutosh Sharma, head of India investments at Naspers Ventures. “We were attracted to Meesho because the team have built a uniquely Indian solution that utilises the reach and scale the internet enables and harnesses and makes it available for small sellers to better serve customers no matter where they live.” Naspers’ other investments in India include online classifieds business OLX, online travel company MakeMyTrip and payments business PayU. Meesho co-founder and CEO Vidit Aatrey welcomed Naspers’ involvement, citing the South African company’s previous experience in Indian e-commerce.

Tags
facebook Vodafone fund raising MakeMyTrip Naspers Sequoia OLX PayU Byju Meesho
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Top Stories

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV