Social commerce opportunity in India is pegged at $16-20 billion by 2025 Social commerce platform Meesho, the first Indian startup to get Facebook investment in the form of an equity stake, said Monday it has raised $300 million in a new round of funding led by SoftBank Vision Fund 2, valuing the firm at $2.1 billion. The latest funding round saw participation from its existing investors Prosus Ventures, Facebook, Shunwei Capital, Venture Highway and Knollwood Investment. Social commerce, or buying and selling directly through a social media platform like Facebook , WhatsApp, Instagram or Twitter, is expected to grow in the next few years. According to a joint report by consulting firm Bain & Co and venture capital firm Sequoia Capital last year, social commerce opportunity in India is pegged at $16-20 billion by 2025. That’s compared to around $2 billion last year. Meesho will use the new fund raise to strengthen its talent pool across verticals: technology, product, and busi...