Sunday, November 3, 2024

Vidit Aatrey

India’s e-commerce sales soar to $6.5 billion in first week of festive season, see 26% YOY growth

E-Commerce
The online marketplaces in India did grow by a rather impressive 26 percent year-over-year in terms of festive sales, amounting to $6.5 billion (55,000 crore) in one week. And of these sales, mobiles and electronics, appliances,...

Meesho to upsize next funding round to $500-$650 Million

News
Meesho, the ecommerce platform, is reportedly considering increasing the size of its upcoming funding round to $500-$650 million from $300 million earlier, given the strong interest from investors. Out of the total amount, roughly $300 million will...

Meesho in advanced talks to raise $300 Million from Tiger Global, SoftBank, and other investors

News
Ecommerce unicorn Meesho is reportedly preparing to secure $300 million (around INR 2,499 crore) in a fresh funding round, with investors including Tiger Global...

Fidelity slashes Meesho’s valuation again, now at $3.5 Billion – a 29% drop from previous high of $4.9 Billion

News
The US-based asset management company Fidelity has once again lowered the valuation of Meesho on its books, now assessing the e-commerce startup at $3.5...

Meesho’s FY23 revenue soars to INR 5,735 Crore, marking a 77% growth as losses narrow by 48%

News
On Friday, the e-commerce platform Meesho announced that its losses for the financial year ending on March 31, 2023, decreased by 48%, amounting to...

Meesho’s Mega Blockbuster Sale garners 1.6 Crore app installations and impressive sales growth

News
Taking advantage of the online festive season sale frenzy, the e-commerce giant Meesho achieved an impressive milestone with 1.6 crore app installations during its...

Meesho surpasses 1 Crore orders in pre-festive sales, aims for 3X growth

News
Just a day before the commencement of its festive season sale, Meesho disclosed that it had secured approximately 1 crore orders from its pre-festive...

Meesho adapts to new GST Council ruling, invites non-GST sellers

News
Meesho is delighted to declare its dedication to promoting inclusivity by extending its platform to non-GST registered sellers. Utilizing substantial technological enhancements, non-GST sellers...

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