Full-Time
E-commerce platform for reselling products
No salary listed
Mid, Senior
Bengaluru, Karnataka, India
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Meesho is an e-commerce platform in India that allows individuals, known as resellers, to browse and promote a variety of products through social media channels 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 on transactions made through its app. Meesho's goal is to empower anyone to start their own online business and earn money in a growing digital marketplace.
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'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
Advent International is in advanced talks to acquire a controlling stake in Orra Fine Jewellery, valuing it at ₹1,500-1,750 crore. Meanwhile, Meesho has secured $500 million in funding from investors like Tiger Global and WestBridge Capital, concluding its pre-IPO fundraising. Meesho plans a reverse merger of its Indian unit with its US parent and aims for an IPO in 2026, with a valuation around $3.9-4 billion. Slice Bank is also planning to raise $250 million to expand its digital banking operations.