Page 2 - Meesho

Good Capital closes its second fund with investments in AI-powered startups

Venture capital firm Good Capital has closed its second fund at $30 million, aiming to back AI-driven startups after supporting companies like Meesho, Orange Health, and LEAD School

Meesho to add 12 lakh seasonal jobs, 70% from tier-3 and tier-4 cities

Meesho will create 12 lakh seasonal jobs across its seller and logistics network ahead of the festive season, with most roles coming from tier-3 and tier-4 cities

E-commerce firm Meesho files confidentially for Rs 4,250 crore India IPO

E-commerce platform Meesho files confidentially for a Rs 4,250 crore IPO, as it seeks a September debut and challenges Flipkart and Amazon's market dominance.

Meesho files confidential IPO papers with Sebi, targets ₹4,250 cr listing

Last month, the NCLT approved Meesho's move to shift its HQ from Delaware to India, a step seen as key to its long-awaited listing and corporate restructuring

Meesho gets shareholders' approval to raise Rs 4,250 cr through IPO

SoftBank-backed Meesho has received shareholders' approval to raise up to Rs 4,250 crore through an initial public offering, according to the company's regulatory filing. The resolution for IPO was passed in the Extraordinary General Meeting on June 25, the filing by the e-commerce company said. According to the filing dated June 27, the shareholders approved raising up to Rs 4,250 crore through issuance of fresh equities. The development comes after Meesho completed its domicile shift to India from the US. The shareholders also approved a change in designation of Meesho Co-Founder and CEO Vidit Aatrey as chairman and managing director of the company.

Delhivery gains 1% despite Jefferies downgrade; what should investors know

What does Meesho's insoucing of logistics mean for Delhivery and the whole logistics industry; Jefferies explain

Why startups like Meesho are paying millions to come back home | Razorpay | Zepto | Groww | PhonePe

What if we told you that some of India’s top startups are writing massive tax cheques, just to move back home, some of them being Meesho and Razorpay?

Meesho gets NCLT approval to relocate to India, clearing path for IPO

E-commerce company to combine its US unit with its Indian business in a move that may cost $288 million in taxes; part of a growing trend of startups moving back to India before going public

Meesho deepens personal care focus with HUL, P&G, Himalaya tie-ups

Partnerships with major FMCG brands bring personal care staples like Dove, Gillette, and Himalaya to Meesho Mall as demand grows in price-sensitive Indian markets

Prosus CEO Bloisi visits India to launch flagship 'Luminate' event series

Bengaluru hosts Prosus's inaugural Luminate forum as the firm strengthens its ties with India's tech ecosystem and explores AI, digital commerce, and frontier tech

Meesho hits $6.2 bn GMV run rate, to grow 26% annually till FY31: CLSA

Meesho's gains come as incumbent players such as Flipkart and Amazon have seen slight declines in market share, according to the CLSA report

Meesho cuts loss from Rs 1,569 cr to Rs 53 cr from higher revenue of 33%

Softbank-backed Meesho has reported a significant narrowing of losses to Rs 53 crore while its revenue increased 33 per cent to Rs 7,615 crore in FY24, the company said in its annual report on Wednesday. The e-commerce firm had posted a loss of Rs 1,569 crore, excluding ESOP cost, and revenue of the company was at Rs 5,735 crore in FY23. Meesho, however, claimed to be the first horizontal Indian e-commerce company to achieve profitability in FY24 and the first to generate positive free cash flow of Rs 197 crore for the full year. "Our revenue from operations grew 33 per cent to Rs 7,615 crore driven by an increase in our unique annual transacting users as well as higher order frequency of our existing loyal customers. This success stems from driving efficiencies across multiple areas like logistics, as well as leveraging Generative AI and Machine Learning for better discovery, improved in-app experience and round-the-clock customer support," the report said. Meesho Founder and CEO

Meesho's logistics arm Valmo handles 50% of orders, doubling from last year

In just one year, the company's logistics arm has expanded to approximately 15,000 pin codes, supported by 6,000 logistics partners and creating 85,000 jobs as of December 2024.

Meesho gears up for $1 bn IPO; enlists Morgan Stanley, Citi as advisors

Bankers have pitched a valuation of $10 billion for Meesho's IPO with plans to file draft papers in the coming weeks, seeks listing by Diwali

Meesho launches 'creator marketplace' to ramp up influencer-driven traffic

The e-commerce firm is partnering with creators who resonate with the diverse lifestyles of its 187 million annual transacting users

Small town buyers, Gen Z push Meesho's order growth by 35% in 2024

Despite challenging market conditions, Meesho sustained its growth trajectory, reaching approximately 175 million annual transacting users in 2024

Meesho unveils multilingual Gen AI-powered voice bot for human-like support

Designed to autonomously handle a wide range of customer interactions, Meesho said the voice bot currently handles about 60,000 calls daily

Meesho acts against 22 mn suspicious transactions, files 12 cases in a yr

SoftBank-backed e-commerce platform Meesho has acted against 2.2 crore suspicious transactions on its platform and filed 12 cases in the last 12 months, according to the company's annual report released on Monday. Meesho's 'Trust Assurance Report' said that it's team has developed pioneering analytical models, sophisticated data science frameworks, and advanced computational logic, which has helped prevent 13 lakh bot orders and blocked 77 lakh scam attempts from accessing the company's platform. "In the last 12 months, Meesho has prevented over 2.2 crore fraudulent transactions. Additionally, Meesho undertook extensive steps to remove bad actors from the platform," the report said. The report said that as part of its effort against account takeover fraud, Meesho launched a proactive investigation that led to filing of 9 cases against over 40 suspects in Kolkata and Ranchi. "By working closely with authorities, Meesho achieved an impressive 98 per cent success rate in addressing ..

Meesho under fire for selling t-shirts with Lawrence Bishnoi's image

A social media post was shared by filmmaker Alishan Jafri, who pointed out a series of t-shirts being sold on the company's platform, featuring Lawrence Bishnoi's images

E-commerce sites record Rs 1 tn in sales; non-metros drove festive shopping

Demand from non-metro consumers, coupled with increased interest in luxury brands, drove festive season sales