Facebook invested in Indian social commerce startup Meesho, marking the first time the social network took equity in a startup from that country.
Terms of the transaction were not revealed, and Facebook had not responded to a request for comment at the time of this post.
Meesho has raised over $65 million to date, not counting Facebook’s chunk, from companies including Shunwei Capital, DST Partners and RPS Ventures.
Manish Singh of TechCrunch reported that a source familiar with the transaction called Facebook’s investment “very significant.”
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