Meesho

June 08, 2023 02:00 PM IST

Meesho unveils new logo to appeal to wider audience

While other new-age companies are cutting back on marketing spends, Meesho CEO Vidit Aatrey said that the company is being prudent but will not not spending on growth.

E-commerce platform Meesho crosses 500 million downloads

The company has achieved the 500 million download milestone in six years, data.ai, formerly known as App Annie, said in a statement.

Meesho aims for profitability in FY24

Backed by SoftBank, the company also plans to surpass a revenue of Rs 10,000 crore by FY25.

Fidelity Investments cuts SoftBank-backed Meesho's fair value by 10%

The markdown effectively values the social commerce startup at $4.4 billion.

After years of steep growth during Covid, e-commerce GMV slowed in FY23: Redseer

Simply put, GMV is the total sales over a period of time. It may sometimes be the same as revenues depending on the type of business. For e-commerce companies, while GMV is a reflection of the total value of goods sold, their revenues are only the fees earned from sellers.

Amazon notifies sellers of revised fee structure, potentially leading to increased prices

While sellers said most of the price increases would be passed on to customers, they feared that their products would be ranked lower on the list of options that popped up under the ‘similar’ tab, largely because of how Amazon’s algorithms work.

SoftBank-backed Indian startups cut costs by 50-75%, lay off over 5,000 people to weather funding winter

Since the start of 2022, companies including unicorns Unacademy, Meesho, Swiggy and Cars24 have reduced costs heavily to extend their runway by at least 12 months

Amazon, Flipkart, Meesho ordered to stop selling seat belt alarm stopper clips

Using car seat belt alarm stopper clips can create problems for consumers seeking to claim amounts in motor insurance policies.

'Don't believe Nykaa is a good representation of India e-commerce': Meesho co-founder

'I believe it (Nykaa) is a very different business. We are a platform, they are a brand,' Meesho co-founder Vidit Aatrey said.

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E-commerce firm Meesho lays off 251 employees

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 to fire 251 employees, says it made judgement errors in over-hiring ahead of the curve

Meesho founder and CEO Vidit Aatrey said an email to staffers that it is now faced with the hard truth of aligning people costs with the new projections for business.

Meesho employee receives WhatsApp message from ‘CEO’ in latest startup scam

An employee of online shopping platform Meesho shared a screenshot of a WhatsApp message he received from a scammer.

Meesho cuts monthly cash burn by 90% to $4 million, still has half a billion dollars in bank

The e-commerce unicorn’s monthly cash burn was $40 million in January this year

Meesho order volume more than doubles to 91 crore, onboards 5 lakh suppliers in 2022

The company onboarded around 5 lakh suppliers in 2022 of which 61 per cent were new to e-commerce and selling online for the first time

With 91 crore orders in 2022, Meesho sees YoY growth of 135%

Meesho started out with a thrust on social commerce, but it has been increasingly focusing on direct sales and now derives 75 percent of its business directly from customers, while 25 percent comes from resellers.

Consumer interest watchdog CCPA issues notices to Flipkart, Meesho for sale of acid on their platforms

The notices follow reports that in the recent acid attack on a girl in Dwarka, Delhi, the accused had bought acid from Flipkart.

Meesho scraps its work from anywhere policy, adopts flexi-office model

This comes at a time when many offices have opened up, leading to rentals in Bengaluru skyrocketing among other issues.

Budget 2023: Startup industry body seeks changes in direct and indirect taxes

IndiaTech.org which represents start-ups like MakeMyTrip, Nykaa, Ola, Policybazaar, Dream11, BharatMatrimony has sent a two separate submissions of direct and indirect taxes recommendations on December 8

Meesho joins govt's Open Network for Digital Commerce

The government is running a pilot of ONDC where all e-commerce ecosystem players will facilitate online purchase of goods and services at competitive prices, thereby reducing cost burden on sellers and consumers.

SolarSquare raises Rs 100 crore in Series A led by Elevation Capital, Lowercarbon

The start-up will use the funds to expand its presence pan India and set up an NBFC to help finance solar installation projects.

How Flipkart became the showstopper this season

Meesho beats Amazon in festive sale order volumes: Report

Overall, the e-commerce players sold goods for $5.7 billion in the first week of the festive season in India. The sale was led by mobile phones which constituted 41 percent of the total sales. Fashion, meanwhile, contributed 20 percent which was 48 percent higher than last year’s festive sale.

Meesho records 68% jump in festive sales with 3.34 crore orders

The Meesho Mega Blockbuster Sale was live from September 23-27.

Bihar man orders drone camera from Meesho, receives 1 kg potatoes instead

The buyer claimed that he had placed an order for the camera drone via Meesho and said that he's uncertain whether the courier company was involved in the "fraud".