Diabytes
Meesho News
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Two IIT graduates launched a failed startup called Fashnear, but didn’t give up. They used the lessons from that failure to build Meesho—a platform once mocked online, now worth Rs 32,370 crore to Rs 33,200 crore (approx). By focusing on small-town sellers and keeping their platform commission-free, they turned memes into momentum and built a business that’s now challenging Amazon and Flipkart.
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Meesho has filed DHRP for Initial Public offering with SEBI, IPO probaly in second or third quater of this financial year.
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In January this year, global investment firm Fidelity had marked down the value of its holding in social commerce platform Meesho, to $3.5 billion.
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Vidit Aatrey and Sanjeev Barnwal's Meesho success story is a saga of tenacity, innovation, and social impact.
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Bengaluru-based Meesho was founded in 2015 by Vidit Aatrey and Sanjeev Barnwal. It is backed by Masayoshi Son’s Softbank. The startup was in losses since the inception.
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Hailing from Surat, Gujarat, Vidit Aatrey completed his engineering degree and initially worked in the software sector.
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Seat belt alarm stoppers compromise the safety and life of vehicle owners by stopping the alarm to warn drivers to put on seatbelts while in the seat.
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Meesho last year shut down its grocery business called Superstore in more than 90 per cent of cities in India, resulting in several job losses.
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The scammer whatsapped a Meesho employee pretending to be the CEO of Meesho Vidit Aatrey and demanded to make a purchase on Paytm immediately for a client gift. The message promised the reimburse the spent amount.
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Meesho to tie up with the govt Open network for Digital Commerce (ONDC).
The Govt initiative aims to help local against big e-commerce giants.
The pilot with Meesho will be launched in Bengaluru and gradually rolled out in other locations in coming months.
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Meesho announces 11-day week for its employees for mental Reset and Recharge.
The mini-vacation will kick off from October 22 to November 1.
Meesho founder Sanjeev Barnwal says Mental health is important.
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Nearly 300 Meesho employees have lost their jobs as a result of the closure of Meesho Superstore.
Meesho rebranded Farmiso to Superstore in April.
During the first wave of the pandemic, the social commerce platform laid off more than 200 employees.
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Check the list of startups that laid off employees in 2022:
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Meesho has laid off 150 employees.
Unacademy had also laid off 600 employees due to non-performance and role redundancy.
Meesho began as a social commerce platform in December 2015.
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Through this model, the firm is giving its employees the power to choose to work from home, office or any location of their choice.
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Meesho has about 1,000 employees
30-week gender-neutral parental leave policy for men and women
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