meesho: WestBridge Capital to pick up secondary stake in Meesho at around $3 billion - The Economic Times

▤ Summary

WestBridge Capital is set to buy a small secondary stake in Meesho in a deal valued at about $3 billion. Venture Highway, one of Meesho’s early backers, is selling most of its holding while keeping a small stake. The transaction reflects the continued use of secondary sales as a liquidity route for late-stage startups. Meesho remains focused on improving profitability and managing cash burn ahead of a critical festive sales period. The company competes directly with Flipkart and Amazon India and is targeting stronger growth in the coming quarters.

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