Social e-commerce platform, Meesho has raised around Rs 77 crores ($11.5m) in a Series B funding round led by Sequoia Capital along with existing investors SAIF Partners, Y Combinator and Venture Highway, as reported by The Economic Times and Mint. With the recent fund infusion, Bangalore-based re-seller marketplace, Meesho has raised an overall $15m including the $3.4m Series A fund-raise in October, 2017.

A Mumbai team of Themis Associates acted for Sequoia, led by associate partner Siddharth Manchanda, senior associate Neha Mirajgaoker, and associate Anushree Pathak.

Inventus Law advised Meesho in the transaction.

Founded in 2015 by IIT-Delhi graduates Aatrey and Sanjeev Barnwal, Meesho connects suppliers to a network of resellers using channels and social media platforms such as WhatsApp, Facebook and others to promote products within their social circles. It was also reported that Meesho is expected to use the fresh funds to scale up its product portfolio, hire fresh talent across teams, and for expanding into new seller categories

2018-06-07