Full-Time
E-commerce platform for reselling products
No salary listed
Junior, Mid
Bengaluru, Karnataka, India
Hybrid
Hybrid position requires some in-office presence.
Meesho is a platform in the Indian e-commerce market that enables individuals, known as resellers, to sell a variety of products through social media channels like Facebook and WhatsApp. Resellers can browse products on the Meesho app and earn a profit margin on each sale without any upfront investment or technical skills. The company sources products from suppliers and allows resellers to promote them, earning a commission on transactions. Meesho's goal is to make e-commerce accessible to everyone, empowering individuals to start their own online businesses.
Company Size
10,001+
Company Stage
Late Stage VC
Total Funding
$1.3B
Headquarters
Bengaluru, India
Founded
2015
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Health Insurance
Wellness Program
Gym Membership
Paid Sick Leave
Paid Holidays
Parental Leave
401(k) Retirement Plan
401(k) Company Match
Relocation Assistance
Meesho has completed its reverse flip to India, merging its US-based parent with its Indian unit, making it fully Indian-domiciled. This move, costing $280–$300 million in US taxes, aligns with India's push for startup localization. Meesho plans a $1 billion IPO, filing with SEBI and enlisting top banks. The company, backed by investors like SoftBank, posted a 33% revenue growth to ₹7,615 crore in FY24. Meesho joins other Indian unicorns returning to India, highlighting India's growing IPO market.
SoftBank-backed Meesho's shareholders approved issuing 411.4 crore bonus shares ahead of its IPO, increasing paid-up capital from ₹8.7 crore to ₹420.1 crore. The bonus shares are in a 47:1 ratio. Meesho plans to file its DRHP with SEBI and aims for a $10 billion valuation. The company has raised over $1.6 billion in funding. Operating revenue rose 33% to ₹7,615 crore in FY23. Meesho has selected Morgan Stanley, Kotak Mahindra, and Citi as bankers for its IPO.
Meesho's board has approved renaming its Indian entity from Fashnear Technologies Pvt Ltd to Meesho Pvt Ltd, aligning its corporate and brand identity ahead of its IPO. The company has filed for approval with the Ministry of Corporate Affairs and NCLT. Meesho reported 34% order growth and 187 million annual transacting users. It raised $550 million in a funding round, valuing it at $3.9-4 billion. Meesho's GMV run rate is $6.2 billion, with a market share of 8.5% in GMV and 37% in order count.
By 2021, after building up a sizeable business, Meesho launched its own app.
Meesho is advancing its IPO plans, aiming to raise $1 billion. The company has chosen Morgan Stanley, Kotak Mahindra Capital, and Citi as advisers, with a potential $10 billion valuation. JP Morgan may join the syndicate. Meesho recently raised $250-$270 million, valuing it at $3.9-$4 billion. The company is relocating its headquarters from the US to India, incurring $300 million in taxes. Revenues increased to INR 7,615 crore in FY24, with net losses reduced to INR 305 crore.