Meesho announces second ESOP programme worth $5.5 mn in less than a year

Firm has grown 2.8x in terms of monthly transacting users and a 2.5x by orders over past six months; now aims to reach 100 mn users and over 50 mn products by December 2022

Meesho, a fast-growing internet commerce platform, has announced a $5.5 million ESOP (employee stock ownership plan) liquidity programme for all eligible current and former employees with vested stocks. This is the company’s second such liquidity program in less than a year.

Last month, Meesho raised a $570 million Series F from Fidelity Management & Research Company, B Capital Group, and other new and existing partners like Prosus Ventures, SoftBank Vision Fund 2 and Facebook, growing its valuation by over 2x to $4.9 billion.

“We continue to see meteoric progress not only as a business but also in our efforts to