Meesho is gaining traction and share as the fastest-growing ecommerce platform in India, according to the latest report by Alliance Bernstein. The findings reveal that Meesho currently has a GMV run rate of over USD 5 billion and around 120 million average monthly active users. In December 2023, Meesho exhibited 32 per cent year-on-year (YoY) […]
Meesho’s operating revenue grew by 77 per cent to Rs 5,735 crore for FY 2023 against Rs 3,232 crore in FY 2022, while incurring a loss of Rs 3,247 crore, according to a media report on Friday. The company highlighted that its loss for FY 2023, narrowed by 48 per cent to Rs 1,675 crore. […]
As micro, small and medium enterprises (MSMEs) continue to ride the ecommerce wave, the Forum for Internet Retailers, Sellers and Traders (First) India, a division of India SME Forum (ISF) in a survey report has highlighted the challenges in the space and the need for policy reforms for a conducive ecosystem and collaboration between policymakers […]
Meesho, India’s e-commerce marketplace, has claimed to witness a good festive sale during its flagship ‘Meesho Mega Blockbuster Sale’ that went live from 6 October to 15 October, 2023. According to the official statement released by the brand, by offering a wide selection of quality items at budget-friendly rates, particularly in non-electronic categories, the Meesho […]
Indian ecommerce is expected to grow five fold reaching USD 300 billion by 2030, with third-party logistics providers anticipating a surge in shipments to 17 billion over the next seven years, according to a recent Redseer report. The report indicates that with third-party logistics (3PL) expansion, the cost per shipment is expected to decrease by […]
Meesho, the ecommerce marketplace has secured close to 1 crore orders over the course of 4 sale days. During these sale events, Meesho welcomed over 50 lakh new customers. The company saw nearly 75 per cent of the demand coming from tier 2+ markets like Amravati, Aurangabad, Dehradun, Nellore, Solapur, and Warangal. In the last […]
Meesho, the ecommerce marketplace, has said that it has made the platform inclusive for non-GST sellers. The platform has made significant technological adaptations which will enable non-GST sellers to start selling on the platform from 1 October 2023. This move comes in response to the recent announcement made by the GST Council that allows ecommerce […]
Meesho, the ecommerce marketplace, unveiled its strategic expansion into the realm of branded products with ‘Meesho Mall’. While customers may not always seek out brands for their shopping needs, there have been repeated searches for branded products with respect to certain categories such as Personal Care and beauty, Footwear and Electronic Accessories. According to the […]
On Friday, ecommerce startup Meesho told its employees that the company would be laying off around 251 staff. This would amount to 15 per cent of the workforce. In April 2022, Meesho fired about 150 employees as it restructured its grocery business, Farmiso. However, several media reports said that the total number of employees impacted […]
