Meesho co-cfounder and CEO Vidit Aatrey recalled that the company's journey began not in corporate boardrooms, but on the ground in Bengaluru's Koramangala.
Meesho Founder and CEO Vidit Aatrey said the company's app downloads reached around 1.5 crore ahead of the sale and the number of purchase orders has doubled on the first day of the sale on Friday as compared to that of the previous season
Meesho has not achieve operational profitability (EBITDA positive) in any of the quarters since at least the end of 2022, the documents showed.
Meesho and Accel had also engaged with each other in the past months but those talks have not fructified. This is the second instance where an early backer of Flipkart has shown interest in Meesho. Tiger Global is the other.
Utkrishta Kumar to leave by January; current CXO, growth, Megha Agarwal to be his replacement
The panelists in growth vs profit debate recognized the crucial role that growth plays in achieving success, especially in competitive markets.
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.
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.
An employee of online shopping platform Meesho shared a screenshot of a WhatsApp message he received from a scammer.
Aatrey’s comments come at a time when high-growth tech companies, which got listed on the bourses last year, including unicorns such as Paytm, Zomato, and PolicyBazaar, among others have been dumped by public market investors as these firms have never managed to show a company-level profit.
Bhagia named Co-founder and COO of Share Chat, Faris Ahsan, and Meesho Co-founders Vidit Aatrey and Sanjeev Barnwal, among others as members of the community of founders who will work with the VC fund.
Vidit Aatrey, Founder & CEO of Meesho said that expectations of investors have changed and people now want growth with profitability.
Meesho competes with Flipkart, which Bansal had founded in 2009. Navi has made a total of four new appontments on its board.
Welcome to the second episode of our brand new show, Bits to Billions: The Unicorn Story, where we take you through the journey of some of India’s most prominent and successful entrepreneurs. In this episode, online commerce firm Meesho’s founders Vidit Aatrey and Sanjeev Barnwal speak to Moneycontrol’s Chandra R Srikanth about Meesho’s journey from a social commerce channel to a mainstream e-commerce player, where a majority of its sale comes from direct channels, pitting it against Flipkart and Amazon
How Vidit Aatrey and Sanjeev Barnwal met, founded Meesho, and raised funds for an idea that had never been tested before.
The Softbank backed e-commerce firm expects to complete the integration of the grocery business by the first week of May and will rebrand it from Farmiso to Meesho Superstore.
"We did north of 80 million orders just in October. This is an average of 3 million orders per day. The peak order that we did, is much, much higher, says Aatrey
Raja Rajamannar, global chief marketing and communications officer and president - health care business, Mastercard, talks to Meesho's founder and CEO, Vidit Aatrey, about building an enduring and endearing brand.
What's driving the funding boom? Are the valuations justified? What should founders keep in mind during these times? Rajan Anandan, Radhika Gupta, Nithin Kamath and Vidit Aatrey will answer these questions and more on Moneycontrol Masterclass. Stay tuned