JSA advised Meesho

JSA advised Meesho

JSA advised Meesho on US$ 570 million C Series find raise in Meesho

Represented by Manvinder Singh (lead partner), Anant Mishra (senior associate) and Vishakha Singh (associate) J.Sagar Associates (JSA) has advised B Capital, a multi-stage global investment firm that partners with exceptional entrepreneurs.

The investment is related to Meesho Inc., a company associated with mobile applications In India. Engaged in the business of operating the website www.meesho.com, Meesho facilitates the sale and purchase of goods between the suppliers and buyers/resellers. This is done through its subsidiaries Fashnear Technologies Private Limited, Meesho Payments Private Limited and Popshop Commerce Private Limited.

The total amount raised by the Company in the initial round was approximately US$ 570 million. The investment also saw participation from other marquee investors.

Meesho has more than doubled its valuation in less than six months. With about 80 per cent of resellers on the platform being women, Meesho aims to help women start their business without the need for any capital. It intends to use the capital to double down on its research and development (R&D) teams and acquire more users.

Aiming to reach 100 million monthly transacting users by December 2022, the fundraising was a part of a strategic transaction for the expansion of the company and the benefits of its employees. The fundraising has doubled Meesho's valuation to US$ 4.9 billion.