Meesho is the most significant Indian start-up that has seized backing from Facebook. Earlier in August 2019, Meesho boosted series D funding of $125 million. It is accessible in more than 7 Linguistics. The majority of women from small towns back into the workforce, empowering them to a sustainable livelihood by selling on WhatsApp, Facebook, and Instagram.
Meesho has empowered more than 2 lakh Indians to become an entrepreneur with almost zero capital. Meesho’s current value is 700 million. Meesho was founded by IIT Delhi alumni VIDIT AATREY and SANJEEV BARNWAL in 2015. Meesho means Meri Shop (My Shop).
It witnessed a 14x rise in its revenue in FY19. Through these social sellers, the Facebook invested in the startup and created a disruptive distribution channel for 40000+ suppliers and manufacturers, many of whom have come online for the first time Meesho online Indian company on Fast comes in 2020 Global MIC list.
MEESHO connects consumers, resellers, and suppliers, it is a three-way model. They currently have 2 million resellers. In the firm, 80% of women are first-time entrepreneurs.
Meesho has become one of the fastest-growing e-commerce organizations in India. It has the latest Series D Fundraiser of $120 million led by Naspers.
The existing investors’ SAIF, Sequoia, Shunwei Capital, RPS, and Venture Highway competing as well. Facebook also participated in the round and so did Arun Sarin, ex CEO of the Vodafone Group.
Meesho recognized small entreprenuers
In a small meeting, they met some small entrepreneurs who have just realized that how important it is to be recognized in a social platform to run the business. Meesho serves over 5 million people and businesses, inflated $65 million, and accomplished 50X germination within three years.
Meesho is short for “meri shop”, It was herald by FashNear, a hyperlocal fashion discovery. The founders whirled to Meesho at the end of 2015 – Shopify for mobile for India. They later moved in to design and aggregate the Indian long-drawn tail supply chain and widespread logistical support to its reseller customer base.