During the recently concluded Holi sale, the company saw nearly 80% of the demand coming from tier 2+ markets like Amravati, Aurangabad, Faizabad, Muzaffarpur and Silchar.
To understand the tech infrastructure, one also needs to understand the consumer category we are tapping into, says Barnwal
In September, Meesho raised $570 million at a valuation of $4.9 billion in a Series F funding round led by Fidelity Management & Research Company and B Capital Group
Orders have grown 13x since July 2021, pet supplies, stationery among new categories added. Next up: musical instruments, industrial supplies, books, video games
Nearly 70,000 of these are from Delhi. NCR has highest number of women sellers on the platform
Earlier, Meesho also introduced employee friendly practices like 30-week gender-neutral parental leave policy, gender reassignment leave and 10-day reset and recharge policy
Digital commerce platform Meesho said it aims to onboard more than 450 people this year to strengthen its technology team.
Bluetooth headphones, choppers and peelers topped shopping charts of the ecommerce platform this year.
With more than 60% of them coming from Tier-3-plus markets like Dimapur, Faizabad and Haldwani, Meesho said it is becoming the preferred e-commerce destination for the next billion users in India
The SoftBank-backed internet commerce platform is enabling all employees to own company shares and participate in the growth story
It was the only Indian company and e-commerce platform to feature among the 10 most-downloaded non-gaming apps worldwide
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
In November last year, the company had announced a $5 million ESOP dilution programme
The move is expected to challenge the big players in the sector which include Jio Mart, Tata's Big Basket, Amazon, Grofers, and others
What does the milestone of 1 billion Covid vaccine shots mean for the economy? How will Meesho disrupt the grocery market? Will RIL spring a surprise in Q2 earnings? Get all the answers here
Nearly 60 per cent of the total demand was driven by tier-4+ markets, including remote locations.
India's unorganised retail sector, worth an estimated $792 billion, is set for the next wave of growth
Meesho raised $570 million in fresh funding led by Fidelity Investments
The 10-day company-wide work break is the first ever move by an Indian startup to prioritise employee well-being and mental health support, the firm said
According to Meesho, the app has seen over 100 million downloads, that's a tenfold jump in a year