Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

Expansion Plan: Meesho Raises $125 in Series D Funding

Expansion Plan: Meesho Raises $125 in Series D Funding

Meesho, an e-commerce company, has raised $125 million in its Series D funding round. The funding was led by Naspers, a media company. Tech Crunch reports say that the company will use the fundings to expand its social commerce business.

Other participants in the funding round included existing investors such as Venture Highway, SAIF, Sequoia, Shunwei Capital, and RPS. Social media giant Facebook also took part in the funding round including the former CEO of Vodafone Group.

According to Meesho, the new capital will be used to tap other parts of India and grab 18 million new sellers by the end of 2020. The capital will also boost the company’s goal to expand its community of women entrepreneurs who have plans to establish their individual business but have been halted by lack of funds and expertise.

In addition, the fresh fundings will help the company to further expand its tech platform and accommodate fresh product lines.

The company has raised $190million in fundings till now.

Incorporated in 2015, Meesho helps sellers to engage with customers on social media platforms such as Facebook, Instagram and others. The company serves more than 5 million enterprises and individuals. Eighty percent of the company’s user base is female.

According to Meesho, there are over 2 million re-sellers under its belt which specializes in the field of electronics, home appliances, and apparel.  Majority of the re-sellers are homemakers, who haven’t purchased a smartphone yet.


Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...

Business Travelers to Stay at Singapore’s Changi Airport Bubble

Singapore’s open economy depends heavily on tourism and business. But its vibrant but small economy has been hurting as the circumstances due to...