Key Points
Norwest Venture Partners, WestBridge Capital are among entities said to be in talks to pick up stake in ecommerce firm Meesho..
The development underscores the growing trend of secondary share sales in late-stage firms.ETtechMeesho cofounder and CEO Vidit Aatrey..
Talks are on for a transaction at a valuation of $3-3.5 billion, but this figure may change, people briefed on the matter said.. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisit..
WestBridge Capital and Norwest Venture Partners are among the entities that have held talks with Meesho's early investors, the sources said...
New investors are also looking at assets that have been able to withstand the funding drought and reduce operating burn over the last year or so.. Meeshos early investor Venture Highway had sold a part of its stake in the company to WestBridge Capital in October, but it still has 1% in the SoftBank and Meta-backed startup, which was last valued at nearly $5 billion in 2021...
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