Full-Time
Deputy Manager
Finance
Meesho
10,001+ employees
E-commerce platform for reselling products
No salary listed
Mid
Bengaluru, Karnataka, India
- Chartered Accountant or MBA
- Articleship experience in Big 4 preferred.
- 2-3 years of post qualification experience majorly in a startup. Experience in Supply Chain controllership is an added advantage.
- Strong business acumen with a financial inclination
- Good understanding of Accounting nuances
- Demonstrated experience in Business Partnering & external stakeholder management.
- Strong bias for speed for execution
- Ability to multitask, think critically and execute tactically
- Have a proven track record of finding innovative solutions to business problems
- Developing automated programs that help validate the invoices raised by our external Logistics Partners. Add significant value by critically analysing instances of billing errors that are not in sync with the rate cards and work closely with the Operations team for closure of disputes raised with logistics partner.
- Identify cost optimization opportunities.
- Lead a team of 2-4 members and supervise interactions with logistics partner for resolving disputes and any other queries.
- Liaison with Internal & Statutory Auditors for timely closure of audit requirements.
- Help de-bottleneck supply operations by providing innovative finance solutions to business challenges.
- Set up systems for maintaining positive vendor relationships through effective communication and timely issue resolution.
- Effectively leverage our Oracle Fusion ERP system including Vendor Management module to automate end-to-end payment systems and build a scalable structure.
- Collaborate with Product for strengthening controls in logistic payouts and automating new use cases.
- Collaborating with Business teams and enabling multi-location scaleup and profitable growth of the business. Be a solution architect for the Business around financial workflows.
- Implement 360-degrees best-in-class financial controls & processes around receivable & collection, payments, inventory etc. Create business levers through smart vendor financing solutions.
- Collaborate with Product team and embed necessary checks & guardrails in critical business facing applications (eg: WMS, OMS, ops-tech etc)
- Monitor & report business performance with timely & correct books close. Insulate the business from financial surprises through adequate and practical provisioning, external/internal stakeholder management etc
- Collaborate with multiple teams maintain PL accuracy by implementing checks on provisional v/s actual expenses
- Articleship experience in Big 4 preferred.
Meesho is a platform in the Indian e-commerce market that allows individuals, known as resellers, to browse and promote a variety of products on social media like Facebook and WhatsApp. Resellers earn a profit margin on each sale without needing any upfront investment or technical skills. The company sources products from suppliers and takes a commission from the sales made through its platform. Meesho's goal is to make e-commerce accessible to everyone, enabling 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
Simplify's Take
What believers are saying
- Meesho's multilingual Gen AI chatbot enhances customer service across diverse linguistic groups.
- The focus on second-tier cities in India expands Meesho's user base.
- Issuing bonus shares strengthens Meesho's financial position ahead of its IPO.
What critics are saying
- Increased competition from Flipkart and Amazon India threatens Meesho's market share.
- Potential backlash from resellers due to changes in commission structures.
- Regulatory scrutiny over e-commerce practices could impact Meesho's operations.
What makes Meesho unique
- Meesho enables zero-investment online businesses through a user-friendly app.
- The platform leverages social media for product promotion and sales.
- Meesho targets homemakers, students, and small business owners in India.
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Benefits
Health Insurance
Wellness Program
Gym Membership
Paid Sick Leave
Paid Holidays
Parental Leave
401(k) Retirement Plan
401(k) Company Match
Relocation Assistance
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -1%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.
Kapu, a Kenyan e-commerce startup, has secured pre-Series A funding to scale its operations in the east African nation bolstering its go-to-market strategy, strengthening its logistics network, and introduce new fintech features as well as expanding across Africa.The funding round was led by BlackWood with participation from Giant Ventures, firstminute capital, Norrsken VC, Founder Collective, Hesabu Capital, and Base Capital. The round follows an $8m seed round in 2022 to help Kapu reduce the cost of living for mass-market consumers by offering essential goods via its network of Kapu agents in neighborhoods which Kapu sees as as important for optimizing logistics and operations. Kapu CEO Sam Chappatte, and a former Jumia Kenya Country Manager, hopes that Kapu’s micro-market strategy will help it build a new retail model for Africa’s mass market. Kapu aims to prove profitability before expanding city-wide and eventually across the continent. Founded in 2022, Kapu is reportedly serving 100,000 households per month and processing 2 million customer orders annually. Kapu aims to save African consumers $1bn over the next 10 years