Social e-commerce startup Meesho has raised $125 million from Naspers, Facebook, and its existing investors. The development comes just after the company became the first Indian startup to be backed by Facebook.
Meesho CEO Vidit Aatrey spoke to CNBC-TV18's Mugdha Variyar about the plans to expand the company with the new funds.
"We will be using the funds for three things; first, we will try to increase our reseller base. The focus will be on making our products available for more people. Second, scaling our existing categories which is fashion, lifestyle and then the new categories that we have recently expanded into such as cosmetics, travel packages and FMCG. Third is to build on the experience of our existing users," Aatrey pointed out.