Meesho

Meesho

Online marketplace and reselling platform for multi-category consumer products

Founded

2015

Headquarters

Bengaluru (India)

Status

Series F

Company Details

Website

Socials

Email

Phone

080–68878782.

Meesho is an Indian e-commerce company, officially known as Fashnear Technologies Private Limited. Meesho operates as a social commerce platform that enables individuals and small businesses to start their online retail ventures without any upfront investment.

Core Products and Services

  • Fashion: Apparel, accessories and footwear

  • Home & Kitchen: Furniture, kitchenwarefand and home décor

  • Beauty & Personal Care: Cosmetics, skincare and wellness products

  • Electronics Accessories: Mobile accessories and gadgets

  • Daily Essentials: Groceries and household

Business Model & Revenue Streams

  • Platform Fees: Meesho charges no commission fees to sellers, instead earning revenue through advertising and marketing services.

  • Advertising: Sellers pay for enhanced visibility and promotional tools on the platform.

  • Logistics Services: Through its logistics arm, Valmo, Meesho offers shipping solutions to sellers, generating additional revenue.

Customer Segmentation

  • B2B: Small and medium-sized businesses (SMBs) seeking online retail opportunities.

  • B2C: End consumers, primarily from Tier II and III cities, purchasing a wide range of products.

Top Clients & Partnerships

  • Procter & Gamble (P&G): Supplies personal care products, expanding Meesho's FMCG portfolio.

  • Hindustan Unilever (HUL): Provides a range of daily-use items, strengthening Meesho's presence in the personal care segment.

  • Himalaya: Offers health and wellness products, catering to the growing demand for such items in smaller cities.

Future Outlook & Strategic Priorities

  • Geographic Expansion: Continued focus on penetrating Tier II and III cities, where e-commerce adoption is increasing.

  • Product Diversification: Expansion into new categories, including groceries and electronics, to attract a wider audience.

  • Technology Integration: Utilization of AI and machine learning to enhance user experience and operational efficiency.

  • Competition: Intense rivalry from established players like Amazon and Flipkart.

  • Regulatory Environment: Navigating India's evolving e-commerce regulations.

  • Supply Chain: Ensuring timely delivery and managing logistics costs.

Key People

Vidit Aatrey

Sanjeev Barnwal

Key Metrics

Total Equity Funding

$1.36 billion

No. of Funding Rounds

12

Latest Funding Round

$550 million , Series F

as of January 27, 2025

Post Money Valuation

$3.9 billion

as of N/A

Funding Multiple

2.91

as of N/A

Investors

Tiger Global Management

and 4 more

Employee Count

16969

Similar Companies

Snapmint

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
January 27, 2025Series F$550 million --- Tiger Global Management, Think Investments, Mars Growth Capital, Peak XV Partners, WestBridge Capital
April 16, 2024Series F$275.0Million$3.9Billion Tiger Global Management, Peak XV Partners, WestBridge Capital, Mars Growth Capital , SoftBank Group
September 29, 2021 Series F$570.0Million$282.0MillionB Capital, Prosus, SoftBank Vision Fund, Trifecta Capital, Good Capital, Symphony Asia Holdings, Footpath Ventures ,Fidelity Investments, Facebook
April 1, 2021Series E $300.0Million$2.1BillionSoftBank Vision Fund, Prosus, Venture Highway, Shunwei Capital, Knollwood Investment Advisory ,Facebook
August 8, 2019Series D$125.0Million$700.0Million$27.2Million21.4x Naspers, Shunwei Capital, Venture Highway, Elevation Capital, Sarin Family India, Peak XV Partners , RPS Group, Facebook AZB & Partners
June 13, 2019 Series D$25.0Million-$21.2Million-Facebook, DST Partners
October 19, 2018Series C$50.0Million$250.0Million $7.5Million27.1xShunwei Capital, RPS Ventures, Y Combinator, Venture Highway, Elevation Capital, Peak XV Partners ,DST Partners Jerome Merchant + Partners, Inventus Law
May 23, 2018Series B $11.5Million-$2.8Million- Peak XV Partners, Y Combinator, Venture Highway, Elevation Capital
September 22, 2017Series A $3.4Million-$556.0K- Elevation Capital, Y Combinator, Venture Highway
August 28, 2016Seed Undisclosed- $74.7K- Venture Highway, VH Capital
July 9, 2016 Seed$120.0K-$120.0K-Y Combinator
May 5, 2016 Angel$350.0K-$29.9K--

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