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Meesho

Meesho is a social commerce platform that undertakes retail distribution, enabling small retail merchants to connect and sell their products effectively via social media channels.
Meesho is a social commerce platform that undertakes retail distribution, enabling small retail merchants to connect and sell their products effectively via social media channels. Bengaluru-based Meesho aims to create an environment where anyone can start their business with zero investment. The startup aims to create about 20 million micro-entrepreneurs. There are over two million resellers on the Meesho platform and more than 20,000 manufacturers from more than 500 towns who get distribution through Meesho. Meesho works on approximately 10-15 percent commission and sellers can earn with Meesho by adding a profit margin on every sale.
  • E-Commerce
  • Social Commerce
    HEADQUARTERS
    Bangalore, Karnataka, , India
    COMPANY SIZE
    1000+
    FOUNDED
    Dec 2015

    Awards

    Awards and Recognitions
    05
    A YourStory list of startups in 2019 with groundbreaking ideas that are creating a deep impact.
    Meesho is a mobile-first social commerce platform for small businesses that typically use WhatsApp and Facebook to keep in touch with customers. It is touted to be one of India’s first reselling app, providing an ‘escape route’ to homemakers. The Bengaluru-based startup helps resellers and emerging brands build businesses using social media. Facebook recently made an undisclosed investment in the startup - the social media giant’s first in a startup in India. In a span of four years, Meesho has emerged as a disruptive retail distribution platform by empowering housewives, aspiring entrepreneurs, and students to launch, build, and promote their business online via social media, including Facebook, WhatsApp, and Instagram. India is a heterogeneous market with swathes of areas and sectors being dismally unorganised, thus spurring the need for tech intervention and reliable marketplaces to bring businesses and people together. Such unorganised and heterogenous markets pose a lot of issues – high fixed and working capital costs, huge unsold inventory, a narrow selection of products and low customer purchase frequency. While social apps have seen a lot of traction in Bharat, social commerce is still in its early days in the country: while 300 million people use social apps like Facebook on a regular basis, less than 100 million of them buy online – trust and discovery being the biggest issues. Meesho, which has stated its vision is to enable an environment where anyone can start their business with zero investment, is solving for these problems, by providing micro-entrepreneurs with trusted supply, social sharing tools, efficient logistics, and payment capabilities. Started with apparels, Meesho now sells a range of products, including cosmetics, jewellery, accessories, and kitchenware, and the products are tailor-made according to the preferences of the customers across regions. According to its RoC filings accessed by YourStory, Meesho reported a revenue of Rs 84.88 crore for FY19. The revenue has increased by 14x from Rs 6.01 crore in FY18. By 2020, Meesho aims to create about 20 million micro-entrepreneurs.

    Funding

    Funding Rounds and Investors
    OTHER
    $570M
    Investors
    B Capital Group, Facebook, Prosus Ventures, Fidelity Management and Research Company, SoftBank
    30th Sep 2021
    OTHER
    $300M
    Investors
    Venture Highway, Facebook, Knollwood Investment, Prosus Ventures, SoftBank, Shunwei Capital
    5th Apr 2021
    SERIES-D
    $125M
    Investors
    Naspers, Facebook, Venture Highway, Shunwei Capital, RPS Ventures, Sequoia Capital India, SAIF Partners, Arun Sarin
    12th Aug 2019
    OTHER
    Undisclosed
    Investors
    Facebook
    13th Jun 2019
    SERIES-C
    $50M
    Investors
    RPS Ventures, Y Combinator, Venture Highway, Shunwei Capital, Sequoia Capital India, SAIF Partners, DST Global
    5th Nov 2018
    SERIES-B
    $11.5M
    Investors
    Sequoia Capital India, Y Combinator, Venture Highway, SAIF Partners
    7th Jun 2018
    OTHER
    $3.1M
    Investors
    SAIF Partners, Venture Highway, Y Combinator
    13th Oct 2017
    SEED
    Undisclosed
    Investors
    Rahul Garg
    6th May 2016