SUMMARY
Out of the total funding, about $300 Mn will serve as primary capital designated for settling taxes incurred during the transfer of the company’s domicile from Delaware to India
While Tiger Global and Peak XV are said to lead the funding round, it will also see participation from SoftBank, WestBridge Capital, and Mars Growth Capital
However, the funding round is likely to value Meesho at $3.9 Bn, a 20% decrease from its previous valuation of $4.9 Bn
Ecommerce platform Meesho is reportedly looking to increase the size of its upcoming funding round to $500-$650 Mn from $300 Mn earlier as it has received strong interest from investors.
Out of the total amount, approximately $300 Mn will serve as primary capital designated for settling taxes incurred during the transfer of the company’s domicile from Delaware to India, Moneycontrol reported. The remainder will constitute the secondary component.
“The talks are still on and which investor dilutes how much will determine…