Indian social commerce startup Meesho said on Tuesday that it had raised $50 million for further expansion. It is just the most recent example of increasing money flows between the new economies of China and India.
Meesho said that investors in this Series C round include private equity funds DST Partners, RPS Venture, Sequoia India, SAIF Partners, Venture Highway, and startup accelerator Y Combinator, as well as Chinese venture fund Shunwei Capital.
Chinese companies are copying successful internet business models in India - particularly in the fields of ecommerce and food delivery. China-India trade volume reached a record high of $84.5...
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