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Flipkart leads e-commerce market with 48% share, Meesho fastest growing platform: Bernstein

Flipkart leads e-commerce market with 48% share, Meesho fastest growing platform: Bernstein

Fri, Jan 26, 2024

According to the report, Flipkart's user base grew 21 per cent year-on-year (YoY), Meesho accelerated at 32 per cent while Amazon lagged at 13 per cent user growth primarily due to relative premium offerings as compared to peers.

US-based investment firm Fidelity cuts valuation of Pine Labs, Meesho

US-based investment firm Fidelity cuts valuation of Pine Labs, Meesho

Fri, Jan 26, 2024

US-based investment company Invesco had recently revised the valuation of Pine Labs to $3.9 billion from $4.1 billion.

Meesho reduces losses to Rs 1,675 crore in FY23, revenue up 77%

Meesho reduces losses to Rs 1,675 crore in FY23, revenue up 77%

Fri, Dec 29, 2023

The SoftBank-backed company achieved this growth due to lower customer acquisition costs (CACs) and reduced spends on server and infrastructure components.

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Nearly 75,000 sellers on Meesho hit double-digit growth in sales

Nearly 75,000 sellers on Meesho hit double-digit growth in sales

Sun, Dec 24, 2023

The company claimed that nearly 10,000 Meesho sellers crossed the Rs 1 crore sales mark and 130,000 registered sales of over Rs 1 lakh during 2023. Around "60 per cent of these sellers come from small towns like Avinashi, Bharuch, Fiazabad and Silchar", Meesho said.

Meesho grants 9-day paid festival leave to employees, prioritising mental health and well-being

Meesho grants 9-day paid festival leave to employees, prioritising mental health and well-being

Wed, Nov 01, 2023

Emphasising the crucial link between mental health and work, Meesho has taken a unique step by granting a generous nine-day paid leave to its employees during Diwali.

Meesho eyes 3-fold festive season order growth- startups

Meesho eyes 3-fold festive season order growth- startups

Thu, Sep 21, 2023

The company launched in-app brand store Meesho Mall last year to enable brands to sell directly to consumers.

Meesho aims to grow merchant base 10 times to 1.1 crore by 2027

Meesho aims to grow merchant base 10 times to 1.1 crore by 2027

Wed, Aug 23, 2023

With the government relaxing GST rules for online sellers, Softbank-backed Meesho aims to add 1 crore merchants on its platform by 2027, a top official of the company said on Tuesday.

A look at this week's startup deals: Unacademy, Ola, Pepperfry, Enkash, Meesho were in news

A look at this week's startup deals: Unacademy, Ola, Pepperfry, Enkash, Meesho were in news

Fri, Aug 11, 2023

This week startups like Ola Cabs saw its loss widening to Rs 3,082 crore in 2021-22, Pepperfry co-founder and CEO Ambareesh Murthy has passed away and Enkash expects its business to grow by 36 per cent to $30 million.

Meesho turns profitable in July on uptick in order volumes, revenue: CEO Vidit Aatrey

Meesho turns profitable in July on uptick in order volumes, revenue: CEO Vidit Aatrey

Mon, Aug 07, 2023

Softbank backed e-commerce firm Meesho has turned profitable on a consolidated basis in July, supported by significant uptick in order volumes and revenue, a senior company official said on Monday.

A look at this week's startup deals: Dunzo, Odysse, Bud-e, CRED, Unstop, BankBazaar.Com, Meesho were in news

A look at this week's startup deals: Dunzo, Odysse, Bud-e, CRED, Unstop, BankBazaar.Com, Meesho were in news

Fri, Aug 04, 2023

This week startups like Dunzo seller joined ONDC, CRED launched RuPay credit card-based payments, and community engagement & hiring platform for students and graduates Unstop raised $5 million funding.

Meesho delists 52 lakh counterfeit, restricted products in six months

Meesho delists 52 lakh counterfeit, restricted products in six months

Wed, Aug 02, 2023

Meesho said its "Project Suraksha" systems has detected and blocked over 12,000 bad actor accounts from accessing the platform.

US tech company allows employees 9-day 'rest and recharge' paid leave

US tech company allows employees 9-day 'rest and recharge' paid leave

Fri, Jul 07, 2023

Prioritising the health of employees, a California-based software development firm has announced a "rest and recharge" payoff of 9 days for its employees.

Indian startup layoffs: Amid all the gloom, there is a silver lining

Indian startup layoffs: Amid all the gloom, there is a silver lining

Fri, Jun 09, 2023

According to the data from the layoff tracking site Layoffs.fyi, more than 10,000 employees have been laid off by around 60 Indian startups since January 2023.

Meesho revamps brand identity to enhance positioning as inclusive, egalitarian platform

Thu, Jun 08, 2023

Softbank-backed e-commerce player Meesho has revealed a new brand identity as it looks to enhance its positioning as an "inclusive" and "egalitarian" platform for mass adoption.

E-commerce platform Meesho crosses 500 mn downloads

E-commerce platform Meesho crosses 500 mn downloads

Fri, Jun 02, 2023

E-commerce platform Meesho has become the world's "fastest shopping app" to cross 500 million cumulative downloads across Google Play and iOS App Store, mobile data analytics provider has said.

A look at this week's startup deals: Oyo, BharatPe, Swiggy, Trillion Loans, BluSmart Mobility, Pocket FM were in news

A look at this week's startup deals: Oyo, BharatPe, Swiggy, Trillion Loans, BluSmart Mobility, Pocket FM were in news

Sun, May 07, 2023

This week startups like PropertyPistol, Smartworks and Pocket FM raised funding among others, and BharatPe acquired controlling stake in NBFC Trillion Loans.

E-commerce firm Meesho lays off 251 employees

E-commerce firm Meesho lays off 251 employees

Fri, May 05, 2023

Meesho Founder and CEO Vidit Aatrey in an email to employees informed about the decision and announced that all the affected employees will get one month extra severance pay beyond the notice period as well as ESOPs irrespective of the period they have been with the company.

Meesho joins govt's Open Network for Digital Commerce

Meesho joins govt's Open Network for Digital Commerce

Wed, Nov 23, 2022

The pilot with Meesho will be launched in Bengaluru and gradually rolled out in other locations in coming months. With this, registered buyers on ONDC will be able to access a list of products available on ONDC through Meesho.

Meesho sale 2022: Softbank-backed e-commerce firm sees 80% jump in sale with 88 lakh orders on Day 1

Meesho sale 2022: Softbank-backed e-commerce firm sees 80% jump in sale with 88 lakh orders on Day 1

Sat, Sep 24, 2022

Meesho festive season sale 2022: Softbank-backed e-commerce firm Meesho on Saturday said it registered around 80 per cent jump in the business with close to 87.6 lakh orders on Friday, the first day of its five-day festive season sale.

36% online MSME sellers plan to launch new products before festive season: Survey

36% online MSME sellers plan to launch new products before festive season: Survey

Tue, Sep 20, 2022

The survey found that small businesses have a set of robust parameters beyond sales and profits in order to gauge the success of their festive season sales.

Internet commerce company Meesho joins hands with Google Cloud to accelerate digital transformation

Internet commerce company Meesho joins hands with Google Cloud to accelerate digital transformation

Mon, May 02, 2022

With this collaboration, Meesho expects to generate significant competitive advantage as it looks to build an AI-first supplier experience, better user acquisition strategies and a personalised shopping experience for the next billion e-commerce users in the country, according to a joint statement

Meesho to integrate grocery business in core app; to scale to 12 states this year

Meesho to integrate grocery business in core app; to scale to 12 states this year

Tue, Apr 05, 2022

Meesho will integrate its grocery vertical in the core app, in line with its vision to become a single shopping destination for the next billion users in India, the company said on Tuesday.

Meesho IPO: Facebook-backed startup targets early 2023 - Source

Meesho IPO: Facebook-backed startup targets early 2023 - Source

Fri, Mar 04, 2022

Indian startup Meesho, which counts Facebook-owner Meta Platforms and SoftBank Group`s Vision Fund 2 as its investors, is aiming to go public in early 2023, a source familiar with the matter told Reuters.

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