Social commerce marketplace Meesho has secured a reported $25m from Facebook to take its total funding to about $90m.
Social media group Facebook has invested an amount reported by Hindu BusinessLine to be $25m in India-based social commerce platform developer Meesho.
Founded in 2015, Meesho runs an online marketplace that allows individuals to sell products supplied by the company’s partners using social media channels such as Instagram and Facebook.
The user receives a cut of the proceeds from each sale, however Meesho retains full control of payment processing and the supply chain.
The company received $50m in a November…
