Meesho, an Indian e-commerce platform, has secured $275 million in funding, as revealed in a regulatory filing with the SEC. The SoftBank-backed firm plans to utilize the primary capital for tax purposes and IPO preparation. This investment marks the first tranche of a larger $600 million funding round, with discussions ongoing. Meesho has raised a total of $1.36 billion since its inception and aims to compete with giants like Flipkart and Amazon. Boasting significant app downloads, Meesho is recognized as the fastest-growing e-commerce platform in India, according to recent reports.
Meesho Raises $275 Million in First Tranche of Funding Round
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/05/14111302/1710328651-7259-ezgif.com-avif-to-jpg-converter.jpg)