[Funding News] Ecommerce Platform Meesho Secures $275 Mn funding

Meesho, an online retailer, has successfully closed a USD 275 million fundraising round that included both primary and secondary share sales. Meesho has completed the first tranche of a larger investment round of USD 600 million, with a valuation target of up to USD 3.9 billion.

Since January, there has been progress on the most recent investment round. As part of its future intentions to go public in India, the ecomerce firm is actively considering reversing its parent business in the United States.

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Additionally, a number of Indian firms intend to move their holding companies back to their home country.

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