Westbridge Capital buys stake in Meesho

Westbridge Capital has acquired 1.5% of Meesho at a valuation of $3.5 billion, two people with knowledge of the deal said. The investment firm acquired the stake from Meesho's seed investor, Venture Highway.

Venture Highway will retain around 3.8% of Meesho, one of the people
cited above added, requesting anonymity. In a statement, Venture
Highway said it generated over 50 times its initial investment.