In brief: India’s Meesho raises $50m in new round

Meesho, one of the fastest-growing ecommerce companies in India, has raised US$50 million in series C funding from new investors, including Shunwei Capital, DST Partners, and RPS Ventures. Existing investors Sequoia India, SAIF Partners, Venture Highway, and Y Combinator also participated in the round. To date, the social ecommerce firm has raised nearly US$65 million over three funding rounds.

Meesho connects resellers directly with raw material suppliers. Among the categories on the marketplace are arts and crafts, fashion, home and kitchen products, personal care, and nutrition.

Source: Livemint