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
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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
Born in December 2015, Meesho's goal is simple-to help small businesses get online and sell through social media platforms such as WhatsApp, Facebook and Instagram
Social commerce opportunity in India is pegged at $16-20 billion by 2025
Last year, Facebook invested in Meesho, which provides resellers, who largely comprise housewives and small businesses, with a platform to sell their products across social networks.
In June, Meesho raised funding from social media giant Facebook
Meesho is part of a crop of new e-commerce companies that are trying to take advantage of social connections to facilitate sales
Meesho claims to have created an alternative distribution channel by empowering housewives, aspiring entrepreneurs, students, to launch, promote their online businesses using social media channels