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Startups

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

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

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

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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