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Facebook to buy stake in India-based ecommerce startup Meesho

Monday 17 June 2019 09:10 CET | News

Facebook has announced it is buying a stake in India-based ecommerce startup Meesho, looking to deepen its reach in the area.

Meesho is a digital platform on which re-sellers of everything from jewellery to mobile phones reach prospective customers via social media platforms such as Facebook, WhatsApp, and Instagram. The startup already has about 2 million entrepreneurs focused on India’s smaller towns and cities, according to Facebook representatives.

The investment aims to support Meesho when it comes to further enabling independent entrepreneurs who want to build businesses and grow their customer base via social channels.

The startup has raised more than USD 65 million in funding and counts Shunwei Capital and DST Partners amongst its backers.


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Keywords: Facebook, Meesho, startup, ecommerce, India
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