Meesho

Annual transacting users surged 80% to 140 million; orders up 135% to a record 910 million in CY22

Indian e-commerce was worth $83 bn in 2022, will likely grow to $185 bn in 2026, propelled by deeper internet penetration and digital payments

Titan Capital, 2am VC, a few angels also invested; Bluelearn, which began as telegram channel for students, has over 150,000 members from 5,500 colleges and startups across 20 countries

Revenue for FY22 jumped 3x per cent to Rs 15,979 crore, from 2020-21 (FY21) revenue of Rs 5,315.27 crore, said the company in its regulatory filings

At about 140 million, Meesho said its annual transacting users exceed the combined population of the top three nations in FIFA World Cup 2022: France, Argentina and Croatia

Softbank backed e-commerce firm Meesho recorded over 100 per cent jump in order volume to 91 crore in 2022, the company said on Wednesday. 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, Meesho said in a statement. As per data shared by Meesho, its sellers were able to save Rs 3,700 crore in commissions in 2022 under the company's zero commission model. "From Mumbai to Mirzapur, a record 91 crore orders were placed this year, up 135 per cent year-over-year, equalling India's registered voter base in the 2019 Lok Sabha polls," the company said. Nearly 130,000 Meesho sellers did sales of over lakh and 6,000 crossed business of over Rs 1 crore in 2022, with Rajasthan and Uttar Pradesh leading the charge. According to market research firm Redseer Strategic Consulting, Meesho pipped Amazon to become the second-largest contributor in order volume during the first week of last festive season sale wh

E-commerce firm's Flexi-Office model offers employees financial support for relocating

Several states/UTs have already issued guidelines to regulate the sale of acids

The Central Consumer Protection Authority (CCPA) has sent notices to e-commerce players Flipkart and meesho.com for gross violations of norms relating to sale of acid on their platforms. The notices follow reports that in recent acid attack on a girl in Dwarka, Delhi, the accused had bought acid from Flipkart. On Thursday, the Delhi Commission for Women issued notices to two e-commerce firms for allegedly allowing sale of acid on their platforms. The Delhi Police had also issued a notice to Flipkart after it found that the acid was procured from the e-commerce firm. "CCPA has sent notices to two e-commerce entities, namely Flipkart Internet Pvt Ltd and Fashnear Technologies Pvt Ltd (meesho.com) for gross violations relating to sale of acid reported on their platforms. It has directed these entities to furnish detailed responses within 7 days," Ministry of Consumer Affairs said in a statement. Any non-compliance by these e-commerce entities with the directions of CCPA's notices will

Development follows shelving of IPO plans by several notable firms such as Image Marketing (owner of wearable brand Boat), Droom Technology and PharmEasy

E-commerce firm's pilot will be launched in Bangalore and later rolled out in other locations over a few months

Jammu and Kashmir rural livelihoods mission (Umeed) and e-commerce firm Meesho have signed an agreement to support the growth of 1,800 self-help group (SHG) members by providing them an online platform to launch and grow their business and empower rural women entrepreneurs. The memorandum of understanding (MoU) was signed and exchanged in the presence of Lieutenant Governor Manoj Sinha here at Raj Bhavan on Thursday. Congratulating women entrepreneurs of self-help groups (SHGs) and Meesho officials, the Lt Governor said the partnership will help in building lives and livelihoods for rural communities and provide greater access to economic activities, and financial independence to rural women entrepreneurs. The partnership of rural livelihoods mission and e-commerce giant Meesho is a significant step in making niche products of Jammu and Kashmir available to the wider customer base, providing SHGs global market to grow their business, and making them Aatmanirbhar, he observed. From

Further penetration into smaller cities will only add to this dependence on third-party delivery partners

How Meesho cashed in on the festival season?

Ecommerce unicorn Meesho, clocked a 68% jump in sales during the festive sale. Business Standard's Surjaeet Das Gupta speaks to Utkrishta Kumar, Meesho's business CXO, about the record sales and more

E-commerce firms such as Amazon, Flipkart, Meesho, Reliance's JioMart and Tata Group have been running various parallel sale events

Customers placed a record of about 33.4 million orders during the mega sale with nearly 60 per cent of all orders coming from tier 4+ cities.

JioMart will host two sales during this time- Tyohaar Ready Sale and the Bestival Sale

Companies such as Flipkart, Amazon, Meesho and Myntra are gearing up to host their biggest festive sale events without covid restrictions for the first time in three years

E-commerce firms are also bringing in various technology interventions that will help them handle the scale of business this season and enhance customer experience

At a time when burnout and anxiety have become key concerns for today's workforce, Meesho said the move will show the way for other firms to adopt such employee-first practices