Meesho closes $275 Million funding in first tranche, in talks for more

E-commerce firm Meesho has closed a $275 million funding round through a mix of primary and secondary share sales, two people aware of the matter said. This marks the first tranche of a larger financing round of $600 million that the Bengaluru-based company, which competes with Amazon India and Flipkart, is aiming to close, according to a person aware of the matter. "The details are still being worked out for the broader round on valuation. It would be up to $3.9 billion but will be finalized once the round closes," this person added.