Information on Meesho
Meesho is the app for buying cloth and some electronic items.
Meesho operates as an online reselling platform that enables anyone to start a business without investment.Meesho is a business platform trusted by more than 2.6 million resellers across india. The meesho company was founded in 2015 by Vidit Aatrey and Sanjeev Barnwa and its headquartered in Bangalore,karnataka.
Meesho company has success in just 5 years they touched the milestone of $1 billion valuation.They currently raised funds from softbank vision funds 2 of $300 million.
Meesho has 35 investors including Trifecta capital Advisors and Good capital.In June 2019, Meesho became the first Indian startup to receive investment from Facebook.
Meesho on September 30 said it has raised $570 million in its Series F round led by Fidelity Management and B Capital, more than doubling its valuation to $4.9 billion in five months.
Valued At $5 Bn, Meesho's Losses Near INR 500 Cr In FY21 After 2X Surge In Expenses. Social commerce giant Meesho has witnessed a 158% rise in its sales revenue in the financial year ending on March 31, 2021.
