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Indian online marketplace Meesho secures $125M

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Indian online marketplace Meesho secures $125M

Indian social commerce online marketplace Meesho Inc. obtained $125 million in a financing round led by global consumer internet company Naspers Ltd., with participation from Facebook Inc. and former Vodafone Group PLC CEO Arun Sarin.

Existing investors including SAIF, Sequoia, Shunwei Capital, RPS and Venture Highway also joined the round.

Meesho said it will use the capital to expand its network coverage to areas outside of the country's major metro regions, to grow its community of women entrepreneurs and to develop its technology, analytics and machine learning platforms.

Meesho collected about $50.1 million in a series C round in November 2018, according to S&P Global Market Intelligence data.