#meshoo
Explore tagged Tumblr posts
Visit Tumblr Blog
Explore Tumblr blogs with no restrictions, modern design and the best experience.
Last Seen Tumblr Blogs
Fun Fact
Total funding amounts to $125.3M.
Photo
#Meshoo #Cat #Egyptshots #Pharaohs #Catpharaoh #Shiraaz #oppoegypt #coloros7 #opporeno2f #opporeno10xzoom https://www.instagram.com/p/B-R8Qymn4qt/?igshid=zjchtdqls1uc
1 note
·
View note
Text
Catalogue Service For Meesho
For those who want to start their own business with zero investment, Markzmania is here to help you in the world of online selling with our best catalogue service for Meesho. Meesho is an online social commerce platform where you can sell your product with zero percent commission. It is unique from other markets in that it allows you to set up a business using a social app instead of a seller portal. People can easily work from home using Meesho. Meesho seller registration is a quick and easy process.
0 notes
Photo
Whatsapp -> 7359198165 _Bring out the best in you by gracing these Crepe Women's Kurtis. Stay Gorgeous always!_ 🔥Combo pek 1500 me 6 kurti 🔥No shipping charges 🔥Cash on delivery मार्केट मे आपको 3000 से कममे नही मिलेगी 6 कुर्ती 💥Office lemited Catalog Name: *Mahika Stunning Crepe Women's Kurtis Combo Vol 10* Fabric: Crepe Sleeves: Sleeves Are Included Size: S - 36 in, M - 38 in, L - 40 in , XL- 42 in , XXL - 44 in, 3XL - 46 in, 4XL - 48 in Length: Up To 46 in Type: Stitched Description: It Has 6 Pieces Of Women's Kurti Work: Printed Dispatch: 2 - 3 Days Designs: 5 Easy Returns Available In Case Of Any Issue #kurti #sarees #Women's #Dress #Materials #Printed #Long #youtube #meshoo#Feshion #whatsapp #facbook #kidsfashion https://www.instagram.com/p/B13_tncjTHS/?igshid=17l8elxtubxv2
#kurti#sarees#women#dress#materials#printed#long#youtube#meshoo#feshion#whatsapp#facbook#kidsfashion
0 notes
Text
Start Digital Marketing for Your Business
Start your digital ad on Facebook, Google, Youtube and other platform
Low investment, High return,
App Development, School Website, Education Website, Service Based Website, Concept Based Website, Wordpress Website. Call our expert & book appointment.
www.durgesoftware.com
Call : 7309329872
We also provide
1. Food Delivery App (Like- Zoomato, Swiggy)
2. Taxi booking App (Like- Ola, Uber)
3. Multivendor Online shopping Platform (Like- Amazon, Flipkart, Meshoo)
4. School Management System
5. Hospital Management System
6. Pharmacy Management System
7. Lab Management System
8. GST Billing Software
9. Inventory Management System
10. Hotel Booking System
11. Restaurant Management System
12. Car Parking System,
13. Educational Mobile App Development
14. Matrimony Portal
15. Job Searching Portal
16. News Portal
17. Service Providing App / Portal
18. OTT Platform
19. All kind of Web Design, Web Development
20. Digital Marketing, SEO, SMO
And many more services available with very low price
Durgesoftware Solutions
+91 7309329872
WhatsApp or Call for Demo
Thank You,
https://www.facebook.com/Durgesoftware/
Durgesoftware Solutions Marketing Team
https://www.durgesoftware.com
#website development#website design#software development#SEO#digital marketing#industrial software Solutions#startup tech support#lead generation#tech#marketing#developers & startups#advertising#Durgesoftware Solutions
3 notes
·
View notes
Note
I’ll sign up for Meshoo. LOL. This creates a full chain reaction though...who is Harry’s lover? Is the time for the full circle moment when we unveil its Jared or Scooter? Is this all one big web to protect Harry? 😂
I was just thinking that we need to find Harry a husband, but his crazy fans believe he needs to be protected from Meghan though I'm not sure they're ready to see the light yet.
His old Vegas pics were very loud 👀.
1 note
·
View note
Photo
FRANCHISE OPPORTUNITY! If you are looking for courier delivery sub franchise in Dimapur and Kohima to Earn up to 80K per month by booking parcel and delivering for Amazon, Snapdeal, Flipkart, Meshoo, Myntra and other. You may send your expression of interest to and for further details, Whatsapp at 7641828085. Sub-Franchise fees: Rs.35k only. #dimapur#kohima (at Dimapur) https://www.instagram.com/p/CW2C8MIv9wS/?utm_medium=tumblr
0 notes
Note
falling-ups
uhmmmm does this really need to be answered, Meshoo is the sweetest person ever, we may have started off very awkwardly but sine discord we have have this amazing chance to get to know each other more, she makes beautiful youtube series, so yeah, I think this girl has it! she bloody talented af, I’m so glad to have gotten to know you mesho
@falling-ups
3 notes
·
View notes
Text
Indias Meesho, which enables social commerce via WhatsApp, raises $50M
Meesho, a Bangalore-based social commerce startup, has closed a $50 million investment to grow its business in its Indian homeland ahead of future international expansion.
This Series C round means that Meesho, which graduated Y Combinator in 2016, has now raised three funding rounds in the past year. Its $3.4 million Series A came in October 2017 with an $11.5 million Series B closing in June of this year. That’s quite the rollercoaster and over the last year, Meesho has seen its top line revenue grow by over 100X so co-founder and CEO Vidit Aatrey told TechCrunch in an interview.
This time around, the $50 million raise includes new investors Shunwei Capital from China, DST Partners and RPS Ventures, as well as returning backers Sequoia India, SAIF Partners, Venture Highway and Y Combinator.
Meesho has adjusted its focus considerably since it graduated YC, and today it operates as an enabler for people in India wanting to sell products using social media. Primarily the focus is WhatsApp, the world’s most popular messaging app which counts India as its largest market with over 200 million monthly users.
The company providers sellers with products (which it sources from suppliers) and inventory management and other basic seller tools. In turn, sellers hawk their catalog to friends and family as they please. Meesho handles all payment and logistics, providing a cut of the transaction to sellers.
Interestingly, there’s no fixed price for products. That means that sellers can vary the price and even haggle with their customers just as they’d do in real life.
“We want to simulate the exact experience that happens offline,” Aatrey explained. “Sellers have the liberty to sell to 10 different people at 10 different prices.”
Sales typically happen between friends and family because there is a trusted relationship. Selling consistently to family members doesn’t seem like an easy task, but Meesho operates in a range of verticals, including fashion, living, cosmetics and more, which the company said makes repeat custom easier. The firm is working on technology that helps sellers figure out which products to push to their customer list, but Aatrey believes a good seller has a knack for what their customers will want on a given day or week.
Aatrey — who started Meesho with fellow IIT-Delhi graduate Sanjeev Barnwal in 2015 — told TechCrunch that the startup is picky about who it selects as a seller, and those who are not active enough are removed from the platform — although he said the latter doesn’t happen a lot. Instead, Meesho offers training and skill development programs to sellers who perform well.
“We go and intentionally invest more to scale up the sellers who show more promise,” he explained.
(Left to right) Meesho founders Sanjeev Barnwal and Vidit Aatrey
Meesho says it has registered some two million sellers to date but the goal is to reach 20 million by 2020. A majority 80 percent are female because the startup first targeted housewives, but increasingly, Aatrey said, it is seeing male sellers grow. Nearly one-third of sellers are students and many others use the app part-time to add to an existing income source.
In one example, Aatrey explained that typically households that earn 30,000 INR ($410) per month can make 8,000-10,000 INR in additional capital if one of the homemakers uses Meesho full-time. That’s a pretty significant addition.
One of the more intriguing pieces of the Meshoo business is that by tapping into people’s trusted relationships and offer them incentives to sell products without requiring operating capital, the business has cut a lot of the expensive overheads associated with e-commerce. Customer acquisition cost is low, for example, while there’s no need to dole out discounts, both of which are expensive line items for Amazon India and its rival Flipkart, which is owned by Walmart.
“We don’t burn a lot of money,” Aatrey said, although he declined to provide specific financial information.
With this new money in the bank, Meesho is working to go deeper into its existing areas of business. That’ll include offering more product categories, bringing on more suppliers, extending its supply chain and developing tools to help sellers sell better.
Aatrey also confirmed that the company is also looking to develop a supply chain in China, that’s where Shunwei and its network will come into play. He also revealed that the company is beginning to think about the potential for its own labeled product — an Amazon-style move — although that isn’t likely to happen just yet.
Another longer-term objective is international expansion.
“For the next 12 months we won’t go beyond India,” Aatrey explained. “But what we are doing here is very similar to Southeast Asia, Latin America and even the Middle East so at some point we’ll think about venturing overseas.”
With three funding rounds in the past year, the Meesho CEO revealed that the company is well capitalized but he didn’t rule out the potential to raise money again.
“If we get a good offer that makes sense for the growth of the business, we are open to it,” he said.
Original Article : HERE ; This post was curated & posted using : RealSpecific
=> *********************************************** Source Here: Indias Meesho, which enables social commerce via WhatsApp, raises $50M ************************************ =>
Indias Meesho, which enables social commerce via WhatsApp, raises $50M was originally posted by Viral News - Feed
0 notes
Text
India’s Meesho, which enables social commerce via WhatsApp, raises $50M
Meesho, a Bangalore-based social commerce startup, has closed a $50 million investment to grow its business in its Indian homeland ahead of future international expansion.
This Series C round means that Meesho, which graduated Y Combinator in 2016, has now raised three funding rounds in the past year. Its $3.4 million Series A came in October 2017 with an $11.5 million Series B closing in June of this year. That’s quite the rollercoaster and over the last year, Meesho has seen its top line revenue grow by over 100X so co-founder and CEO Vidit Aatrey told TechCrunch in an interview.
This time around, the $50 million raise includes new investors Shunwei Capital from China, DST Partners and RPS Ventures, as well as returning backers Sequoia India, SAIF Partners, Venture Highway and Y Combinator.
Meesho has adjusted its focus considerably since it graduated YC, and today it operates as an enabler for people in India wanting to sell products using social media. Primarily the focus is WhatsApp, the world’s most popular messaging app which counts India as its largest market with over 200 million monthly users.
The company providers sellers with products (which it sources from suppliers) and inventory management and other basic seller tools. In turn, sellers hawk their catalog to friends and family as they please. Meesho handles all payment and logistics, providing a cut of the transaction to sellers.
Interestingly, there’s no fixed price for products. That means that sellers can vary the price and even haggle with their customers just as they’d do in real life.
“We want to simulate the exact experience that happens offline,” Aatrey explained. “Sellers have the liberty to sell to 10 different people at 10 different prices.”
Sales typically happen between friends and family because there is a trusted relationship. Selling consistently to family members doesn’t seem like an easy task, but Meesho operates in a range of verticals, including fashion, living, cosmetics and more, which the company said makes repeat custom easier. The firm is working on technology that helps sellers figure out which products to push to their customer list, but Aatrey believes a good seller has a knack for what their customers will want on a given day or week.
Aatrey — who started Meesho with fellow IIT-Delhi graduate Sanjeev Barnwal in 2015 — told TechCrunch that the startup is picky about who it selects as a seller, and those who are not active enough are removed from the platform — although he said the latter doesn’t happen a lot. Instead, Meesho offers training and skill development programs to sellers who perform well.
“We go and intentionally invest more to scale up the sellers who show more promise,” he explained.
(Left to right) Meesho founders Sanjeev Barnwal and Vidit Aatrey
Meesho says it has registered some two million sellers to date but the goal is to reach 20 million by 2020. A majority 80 percent are female because the startup first targeted housewives, but increasingly, Aatrey said, it is seeing male sellers grow. Nearly one-third of sellers are students and many others use the app part-time to add to an existing income source.
In one example, Aatrey explained that typically households that earn 30,000 INR ($410) per month can make 8,000-10,000 INR in additional capital if one of the homemakers uses Meesho full-time. That’s a pretty significant addition.
One of the more intriguing pieces of the Meshoo business is that by tapping into people’s trusted relationships and offer them incentives to sell products without requiring operating capital, the business has cut a lot of the expensive overheads associated with e-commerce. Customer acquisition cost is low, for example, while there’s no need to dole out discounts, both of which are expensive line items for Amazon India and its rival Flipkart, which is owned by Walmart.
“We don’t burn a lot of money,” Aatrey said, although he declined to provide specific financial information.
With this new money in the bank, Meesho is working to go deeper into its existing areas of business. That’ll include offering more product categories, bringing on more suppliers, extending its supply chain and developing tools to help sellers sell better.
Aatrey also confirmed that the company is also looking to develop a supply chain in China, that’s where Shunwei and its network will come into play. He also revealed that the company is beginning to think about the potential for its own labeled product — an Amazon-style move — although that isn’t likely to happen just yet.
Another longer-term objective is international expansion.
“For the next 12 months we won’t go beyond India,” Aatrey explained. “But what we are doing here is very similar to Southeast Asia, Latin America and even the Middle East so at some point we’ll think about venturing overseas.”
With three funding rounds in the past year, the Meesho CEO revealed that the company is well capitalized but he didn’t rule out the potential to raise money again.
“If we get a good offer that makes sense for the growth of the business, we are open to it,” he said.
0 notes
Text
India’s Meesho, which enables social commerce via WhatsApp, raises $50M
Meesho, a Bangalore-based social commerce startup, has closed a $50 million investment to grow its business in its Indian homeland ahead of future international expansion.
This Series C round means that Meesho, which graduated Y Combinator in 2016, has now raised three funding rounds in the past year. Its $3.4 million Series A came in October 2017 with an $11.5 million Series B closing in June of this year. That’s quite the rollercoaster and over the last year, Meesho has seen its top line revenue grow by over 100X so co-founder and CEO Vidit Aatrey told TechCrunch in an interview.
This time around, the $50 million raise includes new investors Shunwei Capital from China, DST Partners and RPS Ventures, as well as returning backers Sequoia India, SAIF Partners, Venture Highway and Y Combinator.
Meesho has adjusted its focus considerably since it graduated YC, and today it operates as an enabler for people in India wanting to sell products using social media. Primarily the focus is WhatsApp, the world’s most popular messaging app which counts India as its largest market with over 200 million monthly users.
The company providers sellers with products (which it sources from suppliers) and inventory management and other basic seller tools. In turn, sellers hawk their catalog to friends and family as they please. Meesho handles all payment and logistics, providing a cut of the transaction to sellers.
Interestingly, there’s no fixed price for products. That means that sellers can vary the price and even haggle with their customers just as they’d do in real life.
“We want to simulate the exact experience that happens offline,” Aatrey explained. “Sellers have the liberty to sell to 10 different people at 10 different prices.”
Sales typically happen between friends and family because there is a trusted relationship. Selling consistently to family members doesn’t seem like an easy task, but Meesho operates in a range of verticals, including fashion, living, cosmetics and more, which the company said makes repeat custom easier. The firm is working on technology that helps sellers figure out which products to push to their customer list, but Aatrey believes a good seller has a knack for what their customers will want on a given day or week.
Aatrey — who started Meesho with fellow IIT-Delhi graduate Sanjeev Barnwal in 2015 — told TechCrunch that the startup is picky about who it selects as a seller, and those who are not active enough are removed from the platform — although he said the latter doesn’t happen a lot. Instead, Meesho offers training and skill development programs to sellers who perform well.
“We go and intentionally invest more to scale up the sellers who show more promise,” he explained.
(Left to right) Meesho founders Sanjeev Barnwal and Vidit Aatrey
Meesho says it has registered some two million sellers to date but the goal is to reach 20 million by 2020. A majority 80 percent are female because the startup first targeted housewives, but increasingly, Aatrey said, it is seeing male sellers grow. Nearly one-third of sellers are students and many others use the app part-time to add to an existing income source.
In one example, Aatrey explained that typically households that earn 30,000 INR ($410) per month can make 8,000-10,000 INR in additional capital if one of the homemakers uses Meesho full-time. That’s a pretty significant addition.
One of the more intriguing pieces of the Meshoo business is that by tapping into people’s trusted relationships and offer them incentives to sell products without requiring operating capital, the business has cut a lot of the expensive overheads associated with e-commerce. Customer acquisition cost is low, for example, while there’s no need to dole out discounts, both of which are expensive line items for Amazon India and its rival Flipkart, which is owned by Walmart.
“We don’t burn a lot of money,” Aatrey said, although he declined to provide specific financial information.
With this new money in the bank, Meesho is working to go deeper into its existing areas of business. That’ll include offering more product categories, bringing on more suppliers, extending its supply chain and developing tools to help sellers sell better.
Aatrey also confirmed that the company is also looking to develop a supply chain in China, that’s where Shunwei and its network will come into play. He also revealed that the company is beginning to think about the potential for its own labeled product — an Amazon-style move — although that isn’t likely to happen just yet.
Another longer-term objective is international expansion.
“For the next 12 months we won’t go beyond India,” Aatrey explained. “But what we are doing here is very similar to Southeast Asia, Latin America and even the Middle East so at some point we’ll think about venturing overseas.”
With three funding rounds in the past year, the Meesho CEO revealed that the company is well capitalized but he didn’t rule out the potential to raise money again.
“If we get a good offer that makes sense for the growth of the business, we are open to it,” he said.
via Social – TechCrunch https://ift.tt/2SLpy4J
0 notes
Text
India’s Meesho, which enables social commerce via WhatsApp, raises $50M
Meesho, a Bangalore-based social commerce startup, has closed a $50 million investment to grow its business in its Indian homeland ahead of future international expansion.
This Series C round means that Meesho, which graduated Y Combinator in 2016, has now raised three funding rounds in the past year. Its $3.4 million Series A came in October 2017 with an $11.5 million Series B closing in June of this year. That’s quite the rollercoaster and over the last year, Meesho has seen its top line revenue grow by over 100X so co-founder and CEO Vidit Aatrey told TechCrunch in an interview.
This time around, the $50 million raise includes new investors Shunwei Capital from China, DST Partners and RPS Ventures, as well as returning backers Sequoia India, SAIF Partners, Venture Highway and Y Combinator.
Meesho has adjusted its focus considerably since it graduated YC, and today it operates as an enabler for people in India wanting to sell products using social media. Primarily the focus is WhatsApp, the world’s largest messaging app which counts India as its largest market with over 200 million monthly users.
The company providers sellers with products (which it sources from suppliers) and inventory management and other basic seller tools. In turn, sellers hawk their catalog to friends and family as they please. Meesho handles all payment and logistics, providing a cut of the transaction to sellers.
Interestingly, there’s no fixed price for products. That means that sellers can vary the price and even haggle with their customers just as they’d do in real life.
“We want to simulate the exact experience that happens offline,” Aatrey explained. “Sellers have the liberty to sell to 10 different people at 10 different prices.”
Sales typically happen between friends and family because there is a trusted relationship. Selling consistently to family members doesn’t seem like an easy task, but Meesho operates in a range of verticals, including fashion, living, cosmetics and more, which the company said makes repeat custom easier. The firm is working on technology that helps sellers figure out which products to push to their customer list, but Aatrey believes a good seller has a knack for what their customers will want on a given day or week.
Aatrey — who started Meesho with fellow IIT-Delhi graduate Sanjeev Barnwal in 2015 — told TechCrunch that the startup is picky about who it selects as a seller, and those who are not active enough are removed from the platform — although he said the latter doesn’t happen a lot. Instead, Meesho offers training and skill development programs to sellers who perform well.
“We go and intentionally invest more to scale up the sellers who show more promise,” he explained.
(Left to right) Meesho founders Sanjeev Barnwal and Vidit Aatrey
Meesho says it has registered some two million sellers to date but the goal is to reach 20 million by 2020. A majority 80 percent are female because the startup first targeted housewives, but increasingly, Aatrey said, it is seeing male sellers grow. Nearly one-third of sellers are students and many others use the app part-time to add to an existing income source.
In one example, Aatrey explained that typically households that earn 30,000 INR ($410) per month can make 8,000-10,000 INR in additional capital if one of the homemakers uses Meesho full-time. That’s a pretty significant addition.
One of the more intriguing pieces of the Meshoo business is that by tapping into people’s trusted relationships and offer them incentives to sell products without requiring operating capital, the business has cut a lot of the expensive overheads associated with e-commerce. Customer acquisition cost is low, for example, while there’s no need to dole out discounts, both of which are expensive line items for Amazon India and its rival Flipkart, which is owned by Walmart.
“We don’t burn a lot of money,” Aatrey said, although he declined to provide specific financial information.
With this new money in the bank, Meesho is working to go deeper into its existing areas of business. That’ll include offering more product categories, bringing on more suppliers, extending its supply chain and developing tools to help sellers sell better.
Aatrey also confirmed that the company is also looking to develop a supply chain in China, that’s where Shunwei and its network will come into play. He also revealed that the company is beginning to think about the potential for its own labeled product — an Amazon-style move — although that isn’t likely to happen just yet.
Another longer-term objective is international expansion.
“For the next 12 months we won’t go beyond India,” Aatrey explained. “But what we are doing here is very similar to Southeast Asia, Latin America and even the Middle East so at some point we’ll think about venturing overseas.”
With three funding rounds in the past year, the Meesho CEO revealed that the company is well capitalized but he didn’t rule out the potential to raise money again.
“If we get a good offer that makes sense for the growth of the business, we are open to it,” he said.
0 notes
Text
India’s Meesho, which enables social commerce via WhatsApp, raises $50M
Meesho, a Bangalore-based social commerce startup, has closed a $50 million investment to grow its business in its Indian homeland ahead of future international expansion.
This Series C round means that Meesho, which graduated Y Combinator in 2016, has now raised three funding rounds in the past year. Its $3.4 million Series A came in October 2017 with an $11.5 million Series B closing in June of this year. That’s quite the rollercoaster and over the last year, Meesho has seen its top line revenue grow by over 100X so co-founder and CEO Vidit Aatrey told TechCrunch in an interview.
This time around, the $50 million raise includes new investors Shunwei Capital from China, DST Partners and RPS Ventures, as well as returning backers Sequoia India, SAIF Partners, Venture Highway and Y Combinator.
Meesho has adjusted its focus considerably since it graduated YC, and today it operates as an enabler for people in India wanting to sell products using social media. Primarily the focus is WhatsApp, the world’s most popular messaging app which counts India as its largest market with over 200 million monthly users.
The company providers sellers with products (which it sources from suppliers) and inventory management and other basic seller tools. In turn, sellers hawk their catalog to friends and family as they please. Meesho handles all payment and logistics, providing a cut of the transaction to sellers.
Interestingly, there’s no fixed price for products. That means that sellers can vary the price and even haggle with their customers just as they’d do in real life.
“We want to simulate the exact experience that happens offline,” Aatrey explained. “Sellers have the liberty to sell to 10 different people at 10 different prices.”
Sales typically happen between friends and family because there is a trusted relationship. Selling consistently to family members doesn’t seem like an easy task, but Meesho operates in a range of verticals, including fashion, living, cosmetics and more, which the company said makes repeat custom easier. The firm is working on technology that helps sellers figure out which products to push to their customer list, but Aatrey believes a good seller has a knack for what their customers will want on a given day or week.
Aatrey — who started Meesho with fellow IIT-Delhi graduate Sanjeev Barnwal in 2015 — told TechCrunch that the startup is picky about who it selects as a seller, and those who are not active enough are removed from the platform — although he said the latter doesn’t happen a lot. Instead, Meesho offers training and skill development programs to sellers who perform well.
“We go and intentionally invest more to scale up the sellers who show more promise,” he explained.
(Left to right) Meesho founders Sanjeev Barnwal and Vidit Aatrey
Meesho says it has registered some two million sellers to date but the goal is to reach 20 million by 2020. A majority 80 percent are female because the startup first targeted housewives, but increasingly, Aatrey said, it is seeing male sellers grow. Nearly one-third of sellers are students and many others use the app part-time to add to an existing income source.
In one example, Aatrey explained that typically households that earn 30,000 INR ($410) per month can make 8,000-10,000 INR in additional capital if one of the homemakers uses Meesho full-time. That’s a pretty significant addition.
One of the more intriguing pieces of the Meshoo business is that by tapping into people’s trusted relationships and offer them incentives to sell products without requiring operating capital, the business has cut a lot of the expensive overheads associated with e-commerce. Customer acquisition cost is low, for example, while there’s no need to dole out discounts, both of which are expensive line items for Amazon India and its rival Flipkart, which is owned by Walmart.
“We don’t burn a lot of money,” Aatrey said, although he declined to provide specific financial information.
With this new money in the bank, Meesho is working to go deeper into its existing areas of business. That’ll include offering more product categories, bringing on more suppliers, extending its supply chain and developing tools to help sellers sell better.
Aatrey also confirmed that the company is also looking to develop a supply chain in China, that’s where Shunwei and its network will come into play. He also revealed that the company is beginning to think about the potential for its own labeled product — an Amazon-style move — although that isn’t likely to happen just yet.
Another longer-term objective is international expansion.
“For the next 12 months we won’t go beyond India,” Aatrey explained. “But what we are doing here is very similar to Southeast Asia, Latin America and even the Middle East so at some point we’ll think about venturing overseas.”
With three funding rounds in the past year, the Meesho CEO revealed that the company is well capitalized but he didn’t rule out the potential to raise money again.
“If we get a good offer that makes sense for the growth of the business, we are open to it,” he said.
from iraidajzsmmwtv https://ift.tt/2SLpy4J via IFTTT
0 notes
Link
Meesho, a Bangalore-based social commerce startup, has closed a $50 million investment to grow its business in its Indian homeland ahead of future international expansion.
This Series C round means that Meesho, which graduated Y Combinator in 2016, has now raised three funding rounds in the past year. Its $3.4 million Series A came in October 2017 with an $11.5 million Series B closing in June of this year. That’s quite the rollercoaster and over the last year, Meesho has seen its top line revenue grow by over 100X so co-founder and CEO Vidit Aatrey told TechCrunch in an interview.
This time around, the $50 million raise includes new investors Shunwei Capital from China, DST Partners and RPS Ventures, as well as returning backers Sequoia India, SAIF Partners, Venture Highway and Y Combinator.
Meesho has adjusted its focus considerably since it graduated YC, and today it operates as an enabler for people in India wanting to sell products using social media. Primarily the focus is WhatsApp, the world’s most popular messaging app which counts India as its largest market with over 200 million monthly users.
The company providers sellers with products (which it sources from suppliers) and inventory management and other basic seller tools. In turn, sellers hawk their catalog to friends and family as they please. Meesho handles all payment and logistics, providing a cut of the transaction to sellers.
Interestingly, there’s no fixed price for products. That means that sellers can vary the price and even haggle with their customers just as they’d do in real life.
“We want to simulate the exact experience that happens offline,” Aatrey explained. “Sellers have the liberty to sell to 10 different people at 10 different prices.”
Sales typically happen between friends and family because there is a trusted relationship. Selling consistently to family members doesn’t seem like an easy task, but Meesho operates in a range of verticals, including fashion, living, cosmetics and more, which the company said makes repeat custom easier. The firm is working on technology that helps sellers figure out which products to push to their customer list, but Aatrey believes a good seller has a knack for what their customers will want on a given day or week.
Aatrey — who started Meesho with fellow IIT-Delhi graduate Sanjeev Barnwal in 2015 — told TechCrunch that the startup is picky about who it selects as a seller, and those who are not active enough are removed from the platform — although he said the latter doesn’t happen a lot. Instead, Meesho offers training and skill development programs to sellers who perform well.
“We go and intentionally invest more to scale up the sellers who show more promise,” he explained.
(Left to right) Meesho founders Sanjeev Barnwal and Vidit Aatrey
Meesho says it has registered some two million sellers to date but the goal is to reach 20 million by 2020. A majority 80 percent are female because the startup first targeted housewives, but increasingly, Aatrey said, it is seeing male sellers grow. Nearly one-third of sellers are students and many others use the app part-time to add to an existing income source.
In one example, Aatrey explained that typically households that earn 30,000 INR ($410) per month can make 8,000-10,000 INR in additional capital if one of the homemakers uses Meesho full-time. That’s a pretty significant addition.
One of the more intriguing pieces of the Meshoo business is that by tapping into people’s trusted relationships and offer them incentives to sell products without requiring operating capital, the business has cut a lot of the expensive overheads associated with e-commerce. Customer acquisition cost is low, for example, while there’s no need to dole out discounts, both of which are expensive line items for Amazon India and its rival Flipkart, which is owned by Walmart.
“We don’t burn a lot of money,” Aatrey said, although he declined to provide specific financial information.
With this new money in the bank, Meesho is working to go deeper into its existing areas of business. That’ll include offering more product categories, bringing on more suppliers, extending its supply chain and developing tools to help sellers sell better.
Aatrey also confirmed that the company is also looking to develop a supply chain in China, that’s where Shunwei and its network will come into play. He also revealed that the company is beginning to think about the potential for its own labeled product — an Amazon-style move — although that isn’t likely to happen just yet.
Another longer-term objective is international expansion.
“For the next 12 months we won’t go beyond India,” Aatrey explained. “But what we are doing here is very similar to Southeast Asia, Latin America and even the Middle East so at some point we’ll think about venturing overseas.”
With three funding rounds in the past year, the Meesho CEO revealed that the company is well capitalized but he didn’t rule out the potential to raise money again.
“If we get a good offer that makes sense for the growth of the business, we are open to it,” he said.
via TechCrunch
0 notes
Photo
Untitled #50 by meshoo-454 featuring a herve leger dress ❤ liked on Polyvore
0 notes