The social commerce platform developer upped its valuation to $2.1bn in a round led by SoftBank Vision Fund 2 that included Facebook and Prosus Ventures.

Internet and telecommunications group SoftBank’s Vision Fund 2 has led a $300m funding round for India-based online reselling platform developer Meesho at a $2.1bn valuation, the Economic Times reported yesterday.

Social media company Facebook and Prosus Ventures, the investment arm of internet group Prosus, also took part, as did Shunwei Capital, Venture Highway and Knollwood Investment, according to a company statement cited by ET.

Meesho operates an online platform through which users can connect and sell to customers on social…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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