• Home
  • Updates
  • Entrepreneur
  • Startups
  • MSME
  • Funding
  • Shepreneur
  • Technology
    • Auto
    • Gadgets
  • More
    • Movies
    • Travel
    • Events
    • Featured
    • Editor’s Pick
    • Discover and Recover
CHANGE LANGUAGE
What's Hot

John Abraham’s Thrilling MotoGP Ride

26 September 2023

Moody’s take on Aadhar

26 September 2023

Akasa Airlines Navigates Turbulence

26 September 2023
Facebook Twitter Instagram
  • About Us
  • I am Startup Studio
  • I am an Entrepreneur
  • She Power
  • I AM NOW AI
YouTube Facebook Instagram LinkedIn Twitter
Channeliam / Channel I'M EnglishChanneliam / Channel I'M English
  • Home
  • Updates
  • Entrepreneur
  • Startups
  • MSME
  • Funding
  • Shepreneur
  • Technology
    • Auto
    • Gadgets
  • More
    • Movies
    • Travel
    • Events
    • Featured
    • Editor’s Pick
    • Discover and Recover
Change Language
Channeliam / Channel I'M EnglishChanneliam / Channel I'M English
Change Language
Home » Meet Meesho, e-commerce’s new popular platform
Entrepreneur

Meet Meesho, e-commerce’s new popular platform

What made Meesho a big success?
News DeskBy News Desk12 September 2022Updated:12 September 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Email Telegram WhatsApp
Share
Facebook Twitter LinkedIn Pinterest Email Telegram WhatsApp

The name Meesho is buzzing in the e-commerce world now. A shortcode for ‘My Shop’, the social commerce platform gained popularity after the pandemic and gathered 120 million monthly active users. A big competition to e-commerce giants Amazon and Flipkart. They have 200 million registered users each. 

Before the pandemic, the platform launched by Vidit Aatrey and Sanjeev Bamwal was led by 15 million women sellers who bought products from the platform and resold them via WhatsApp and Facebook Groups. Now, it has a share of about 30 per cent of daily online deliveries. Out of the 9 million daily e-commerce orders, Meesho holds 2.7 million which is a giant leap for the platform. 

Meesho is designed mainly for solo entrepreneurs and small businesses. The platform ventured into this space in 2015 but it was not so easy to convince small entrepreneurs to sell online because their customers were not online. However, this landscape changed with the digital boom accelerated by the covid-19 pandemic. 

Why Meesho is called a social commerce platform? Because it has been nurtured by women resellers who attained financial independence with Meesho. From 2017 to 2020, 100 per cent of sales of Meesho was done through resellers. That has changed now as consumers have begun to install the Meesho app. On average, 110 million shoppers in India used Meesho last year. 

The app has also supported many small entrepreneurs to establish their businesses. Meesho CEO Aatrey has been working on the GST issues of small entrepreneurs. In India, many sellers can’t go online due to the requisite GST number. This year, the GST Council cleared a proposal that will no longer seek a GST requisite for sellers on e-commerce platforms if their turnover is less than Rs 40 lakh and Rs 20 lakh for goods and services respectively. This will come into effect in January next year. 

After its latest fundraising of $570 million in September 2021, Meesho is valued at $4.9 bn. Soft Bank Vision Fund 2, Prosus, Fidelity Management and Research, Yuri Milner’s DST Partners, Sequoia, SAIF Partners and Y Combinator are some of its investors. The unicorn’s future plans include becoming profitable in the next few years and adding 100 million small sellers across India. 

banner business Channel I Am India startups technology TOP STORIES
Share. Facebook Twitter Pinterest LinkedIn Email Telegram WhatsApp
News Desk
  • Website

Related Posts

John Abraham’s Thrilling MotoGP Ride

26 September 2023

Moody’s take on Aadhar

26 September 2023

Akasa Airlines Navigates Turbulence

26 September 2023

Tesla’s New Step in India

26 September 2023
Add A Comment

Comments are closed.

Careers
Recent Posts
  • John Abraham’s Thrilling MotoGP Ride
  • Moody’s take on Aadhar
  • Akasa Airlines Navigates Turbulence
  • Tesla’s New Step in India
  • A Startup Making Waves in Finland’s Education Scene
Editors Picks

John Abraham’s Thrilling MotoGP Ride

26 September 2023

Moody’s take on Aadhar

26 September 2023

Akasa Airlines Navigates Turbulence

26 September 2023

Tesla’s New Step in India

26 September 2023
About Us
About Us

Welcome to channeliam.com, the first AI-powered digital newsroom in India that revolutionizes the way news is produced, delivered, and consumed. Our media startup is dedicated to uplifting society by providing accurate, reliable and unbiased information.

Subscribe to Updates

Get the latest creative news about entrepreneurs, startups, and businesses.

Updates
  • John Abraham’s Thrilling MotoGP Ride
  • Moody’s take on Aadhar
  • Akasa Airlines Navigates Turbulence
  • Tesla’s New Step in India
  • A Startup Making Waves in Finland’s Education Scene
YouTube Facebook Twitter Instagram Pinterest LinkedIn RSS
  • Home
  • About Us
  • Promotions
  • Careers
  • Contact Us
© 2023 Likes and Shares Pvt Ltd. Powered By arbaneo

Type above and press Enter to search. Press Esc to cancel.

Change Language
Malayalam
Hindi
Tamil
Change Language
Malayalam
Hindi
Tamil