Fidelity, B Capital leads $570 mn funding in Meesho, valuation more than doubles to $4.9 bn
Aishwarya JS Arve , Editor
H2-On Thursday, the social commerce platform Meesho announced it had accumulated $570 million (about Rs 4,235.2 crore) in funding, directed by Fidelity Management & Research Company and B Capital Group, which has assisted the company more than double its valuation to $4.9 billion in less than five months. Existing investors: Prosus Ventures, SoftBank Vision Fund 2, and Facebook also engaged in this round, a statement stated. Other new investors include Footpath Ventures, Trifecta Capital, Good Capital, and others, it added. In April, Meesho had boosted $300 million (about Rs 2,201.7 crore) in a funding round from SoftBank Vision Fund 2 and…