India's Meesho joins unicorn club with SoftBank-led investment

$300m funding round values e-commerce startup at $2.1bn

20210405 Meesho SB

Meesho is the first investment announced in India this year by SoftBank Group's Vision Fund 2. (Source photo by screenshot from Meesho website)

WATARU SUZUKI, Nikkei staff writer

TOKYO -- Meesho, an Indian e-commerce startup, on Monday said it raised $300 million from a group of investors led by SoftBank Group's Vision Fund 2.

The deal valued Meesho at $2.1 billion, according to the company. Existing investors including Prosus Ventures -- the venture capital arm of Prosus, formerly known as Naspers -- and China's Shunwei Capital also participated.

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