Select deals from last week:
🇮🇳 Meesho, a Belgaluru-based social commerce app, raised $570 million Series F at $4.9 billion valuation. Meesho more than doubled its valuation since April this year when it reached a unicorn status. Since then, the order volume has grown 2.5x according to a press release by Prosus Ventures, an investor in Meesho since 2019.
🇮🇳 OfBusiness, a B2B procurement marketplaces in India, raised $200 million doubling its valuation from 2 months ago to $3.0 billion. The company is on a growth trajectory: revenues grew 2.5x since July. OfBusiness also provides marketplace participants with credit lines to speed up the transaction and improve the user experience. We've look into how financial services give marketplaces superpowers here.
🇲🇽 Merema, an ecommerce aggregator on Amazon and Mercadolibre, secured $225 million Series B from Advent, SoftBank and other investors. The new funding comes just six months after $160 million Series A round. Globally, the number of aggregators has risen in the past months. We've curated a list of 35+ more ecommerce aggregators.
Other promising marketplace deals from the last week:
🇮🇳 Vedantu, an Indian Edtech platform, hit the billion-dollar mark after raising $100 million.
🇩🇪 Dance, e-bike subscription service in Berlin, has raised $16.5 million, for 2022 international expansion.
🇦🇪 Nomad Homes, a personalized real estate buying platform, secured $20 million to change how people buy homes - via quiz.
Read up on all the latest marketplaces deals in Dealroom.co
Notable exits:
🇺🇸 Warby Parker, an eyewear direct-to-consumer brand, began trading on NYSE last week via a direct listing. The company now commands a $5.3 billion valuation, an almost 2x increase since its last private valuation in August 2020.
Read up on all the latest marketplaces exits in Dealroom.co