Social commerce platform Meesho, previously called Fashnear, has raised an undisclosed amount of angel funding from investor Rajul Garg, besides other investors. The Bangalore-based startup which was founded by IIT Delhi alumni Vidit Aatrey and Sanjeev Barnwal in 2015, allows sellers to set up an online shop through its platform and also facilitates sharing on other social media platforms such as WhatsApp, Facebook, Pinterest, amongst others.
A business-to-business (B2B) platform, Meesho has also launched its app for Android users and planning to launch for iOS users very soon.
Rajul Garg has previously invested in many firms like Innotarget Fashalot Retails Pvt Ltd (which runs location-based fashion and store discovery mobile platform Fashalot), Corner Store Technologies Pvt. Ltd. (a full-service pharmacy targeting patients with chronic illnesses that operates under the brand LifCare) and AddoDoc Technologies Pvt. Ltd. (which runs the Babygogo mobile app that connects parents with child healthcare experts).
Last year, Hyderabad-based Thinkbits Internet Technologies Pvt Ltd which owns and operates social commerce startup VioletStreet.com, has also raised $315,000 in angel funding from former Bank of America senior vice president Venkat Vallabhaneni and angel investor Srinivasa Rao Paturi.