Meesho's valuation more than doubles to $4.9 bn in about 6 months

Social commerce platform Meesho's valuation has more than doubled to $4.9 billion in less than six months, after raising $570 million in Series F round led by Fidelity Management and B Capital. Prosus Ventures, SoftBank Vision Fund 2, Facebook and Good Capital also participated in the funding round. Meesho had turned unicorn in April at a valuation of $2.1 billion.