SFTBY - SoftBank leads $300M investment for Indian social commerce platform Meesho

SoftBank ([[SFTBF]],[[SFTBY]]) Vision Fund 2 leads the $300M funding round for Indian social commerce startup Meesho at a $2.1B valuation.Other backers included existing investors Facebook and Prosus Ventures.Meesho operates an online marketplace that connects business to potential customers across the common social networks. Meesho offers logistics, online payment process, and order management among its services.The startup says it has more than 13M sellers in its network and over 100,000 suppliers across nearly 5,000 Indian towns and cities. Meesho will use the new infusion to help 100M people and small businesses to sell online.Related: Earlier today, reports said SoftBank was considering a $1.2B investment in genetic testing company Invitae.

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SoftBank leads $300M investment for Indian social commerce platform Meesho