Meesho reportedly closed another $250-270 Mn from new investors such as Tiger Global, Think Investments, Mars Growth Capital, majority of which is in secondary share sale
With new investors onboard, the overall round sums to $550 Mn
Meesho has also filed an application with the NCLT on shifting its domicile to its Indian unit Fashnear Technologies
Ecommerce major Meesho
has reportedly closed another $250-270 Mn in a funding with new investors joining the captable, including Tiger Global, Think Investments, Mars Growth Capital, majority of which is in secondary.
With the addition of new investors, the ongoing capital raise has surged the round’s total to about $550 Mn (around INR 4,750.9 Cr), the ET reported, citing sources familiar with the matter.
Furthermore, after a year of talking about the ecommerce unicorn’s reverse flip to India, Meesho filed an application with the National Company Law Tribunal (NCLT) Bengaluru to shift its domicile to its Indian unit Fashnear Technologies, which would clear path for its upcoming plans of hitting the bourses, sources also said in the report.
(The story will be updated soon)
