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meesho.com

Founded Year

2015

Stage

Series F | Alive

Total Raised

$1.061B

Valuation

$0000 

Last Raised

$570M | 8 mos ago

Mosaic Score

+40 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Meesho

Meesho is an online marketplace for resellers. The platform helps individuals to launch, build, and promote online businesses using social media channels.

Meesho Headquarter Location

No.20, Surya Square Intermediate Ring Road, Srinivagilu, Koramangala

Bengaluru, 560047,

India

+91 80617 99600

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Expert Collections containing Meesho

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Meesho is included in 2 Expert Collections, including E-Commerce.

E

E-Commerce

9,641 items

U

Unicorns- Billion Dollar Startups

1,118 items

Latest Meesho News

Beenext-backed mFine lays off over 50% of its workforce

May 21, 2022

On-demand doctor consultation and medicine ordering platform mFine has laid off over 50% of its total workforce, said three sources aware of the restructuring plan. With this, the Bengaluru-based company joins several growth and late-stage companies such as Meesho, Vedantu and Unacademy which had reduced workforce as the funding environment turns tad slow. “mFine has decided to let go half of its total workforces,” said one of the sources requesting anonymity. “A major chunk of impacted employees are from operations, product and marketing verticals.” According to sources, the company is cutting the workforce to reduce burn and extend runway. Over the past month, venture capital firms have been instructing portfolio companies to put a halt on new initiatives and shut loss-making verticals as they contemplate the tough funding season ahead. The layoffs could go as high as 70%, said sources. While the exact strength of mFine before this layoff is not known, according to its LinkedIn page it has over 500 employees. Entrackr couldn’t get a response from mFine co-founders Ashutosh Lawania and Prasad Kompalli even after repeated attempts. We will update the story in case they respond. In September last year, mFine had raised $48 million in a Series C round co-led by Moore Strategic Ventures and Beenext. So far, it has amassed close to $75 million across three equity and debt rounds. While the company is yet to file annual financial results for FY22, MFine had registered a 152% growth in its operating revenue to Rs 12.9 crore in FY21 from Rs 5.12  crore in FY20, according to its annual financial statement filed with RoC. Its annual losses saw a nominal increase of 3.4% to Rs 102.7 crore during FY21 from Rs 99.35 crore in FY20. The slowdown in funding activities are impacting startups irrespective of their size, stage and valuation. To conserve resources, reduce burn and prepare for long winter, several companies had resorted to layoffs. In the past month, Vedantu had laid off about 625 employees across two tranches including 424 staff early this week. Unacademy also reduced hundreds of employees whereas Ronnie Screwvala-backed Lido shut down operations due to lack of funds. SoftBank-backed Meesho also fired 150 employees from its grocery biz: Farmiso. Meanwhile, over 800 employees of Byju’s-owned WhiteHat Jr were forced to resign after they refuse to work from office.

Meesho Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Meesho Rank

  • When was Meesho founded?

    Meesho was founded in 2015.

  • Where is Meesho's headquarters?

    Meesho's headquarters is located at No.20, Surya Square, Bengaluru.

  • What is Meesho's latest funding round?

    Meesho's latest funding round is Series F.

  • How much did Meesho raise?

    Meesho raised a total of $1.061B.

  • Who are the investors of Meesho?

    Investors of Meesho include Vækstfonden, JBO Invest Holding, Accenture, Ministry of Foreign Affairs of Denmark, Katapult Accelerator and 4 more.

  • Who are Meesho's competitors?

    Competitors of Meesho include GlowRoad and 5 more.

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