1st Oct 2021 10:50
Symphony International Holdings Ltd - Asia-focused investor in high-growth markets, such as healthcare, lifestyle and hospitality - Unveils investment in Bangalore, India-based e-commerce business Meesho, as part of USD570 million round. The investment round for Meesho is led by Fidelity Management & Research Co and B Capital Group and includes existing investors such as Facebook Inc and Softbank Vision Fund 2, run by Softbank Group Corp, and new investors such as Trifecta Capital LLP. Symphony investment accounts for around 5% of Meesho net asset value. Meesho aims for 100 million monthly transacting users by the end of 2022 and will use the new cash to grow technology and product talent. Eyes starting online grocery in India.
Current stock price: USD0.43
Year-to-date change: up 22%
By Josie O'Brien; [email protected]
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