Westbridge Capital buys stake in Meesho
Written by: Planify
Published: 13 October 2023
Updated: 24 July 2024
1 min read
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.
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