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Meesho, the popular Indian social commerce platform, is reportedly gearing up to raise $300 million in a funding round led by prominent investors Tiger Global and Softbank. This news comes as a significant development in the Indian startup ecosystem, especially amid the ongoing pandemic which has presented challenges for many businesses.

The round is also expected to see participation from other investors such as Peak XV Partners and Mars Growth Capital, indicating a strong vote of confidence in Meesho and its growth potential.

For Meesho, this funding round comes at a crucial time as the company looks to further expand its operations and consolidate its position in the fast-growing e-commerce market in India. With this infusion of capital, Meesho will be able to invest in technology, marketing, and expanding its seller base to reach even more customers across the country.

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The involvement of Tiger Global and Softbank in this funding round is particularly noteworthy, as both firms have been relatively quiet in the Indian market over the past year and a half. Their renewed interest in Meesho signals a resurgence of investor confidence in the Indian startup ecosystem, despite the challenges posed by the pandemic.

Meesho, founded in 2015, has quickly risen to become one of India’s leading social commerce platforms, enabling individuals to start their online businesses by selling products through social media platforms like WhatsApp and Facebook. The company has achieved significant growth in recent years, attracting millions of sellers and customers to its platform.

With this latest funding round, Meesho is poised to strengthen its position in the competitive e-commerce landscape and continue its rapid expansion across India. The support of investors like Tiger Global and Softbank further validates the potential of Meesho’s business model and its ability to disrupt the traditional e-commerce market.

The news of Meesho’s upcoming funding round is a positive development for the Indian startup ecosystem and a testament to the resilience and growth potential of homegrown companies in the face of challenging times. Keep an eye on Meesho as it embarks on its next phase of growth with the backing of some of the biggest names in the investor community.

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