Indian reseller platform Meesho has raised $300M in a funding round led by SoftBank Vision Fund 2 with participation from existing investors such as Prosus Ventures, Shunwei Capital, Venture Highway and Knollwood Investment.
Meesho have expressed their current goal of enabling 100 million small and medium sized businesses to find success online in India. These small businesses, including individual ventures, are often run by women entrepreneurs and “homepreneurs”, who have been able to become financially independent and successful over the years through the platform. Meesho plans to simplify ecommerce for SMBs in the country, empowering them to reach consumers through all online channels.
“With the new round of funding, we are extremely thrilled to have SoftBank onboard. We are focused on expanding our vision — from helping aspiring women entrepreneurs to creating Meesho as a single ecosystem that will enable all small businesses in India to succeed online. In the last one year, we have seen tremendous growth across small businesses and entrepreneurs seeking to move their businesses online. And with our new vision we will enable 100 million small businesses to start, succeed and lead their operations online with Meesho as their partner in their journey.”
– Meeso Vidit Aatrey, Founder and CEO, Meesho
So far, Meesho has successfully enabled over 13 million individual entrepreneurs to start their own online businesses with zero investment, bringing e-commerce to more than 45 million customers across India. To date the company has delivered orders from 100K+ registered suppliers to over 26,000 pin codes in more than 4,800 cities, generating over 500 crore in income for individual entrepreneurs and serving customers in more than 4,500 Tier 2+ cities — truly bringing e-commerce to Bharat.