Meesho becomes unicorn after SoftBank-led $300-million fundraise

Social commerce opportunity in India is pegged at $16-20 billion by 2025

Social commerce platform Meesho became the latest start-up to enter the unicorn club after raising $300 million in a fresh funding round led by SoftBank Vision Fund 2, valuing the firm at $2.1 billion, it said on Monday.
 
The Bengaluru-based firm, the first Indian start-up Facebook invested an equity stake in, was last valued at $700 million when it raised funds from Facebook, Naspers and others in August 2019. The latest round, which more than doubled its valuation, also saw participation from existing investors Prosus Ventures, Facebook, Shunwei Capital, Venture Highway and Knollwood Investment. Facebook had in 2019 invested