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WestBridge Capital to pick up secondary stake in Meesho at around $3 billion

Economic Times · 1y

WestBridge Capital is set to acquire a small stake in Meesho, an Indian online commerce marketplace, in a secondary transaction. The deal values Meesho at around $3 billion. Venture Highway, an early investor in Meesho, is selling its stake to WestBridge Capital. WestBridge has previously funded technology companies like Freshworks and Dealshare. Meesho, backed by SoftBank, was last valued at nearly $5 billion in 2021. The funding round comes amidst a trend of late-stage startups engaging in secondary deals with investors.