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Startups

Indian e-commerce startup Meesho doubles valuation to $4.9bn

Company to focus on scaling business before going public, CEO says

Meesho was founded in 2015 as an online marketplace offering clothes mainly to female resellers, who earn commissions by recommending the products on social media platforms. (Screenshot from Meesho website)

TOKYO -- Indian e-commerce startup Meesho on Thursday said it raised $570 million from a group of investors in a funding round that valued the company at $4.9 billion.

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