Bengaluru-headquartered e-commerce startup Meesho has secured $275 million in a new funding round, the company disclosed in a securities filing.

Currently valued at about $3.9 billion, Meesho has seen its valuation adjust from $4.9 billion since its last funding in September 2021. To date, the company has secured over $1.2 billion in funding. The details come from sources who prefer to remain anonymous as the funding discussions are ongoing.

In another development, Meesho has appointed Surojit Chatterjee, former senior vice president (SVP) of Flipkart as an independent director to its board. In his most recent role, Chatterjee, worked as the chief product officer (CPO) of Coinbase, the cryptocurrency exchange platform.