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Meesho - The Success Story of India's No.1 Reselling App
Sarika AnandSarika Anand
Chayanika GoswamiChayanika Goswami
Jul 25, 2022
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19 min read
Meesho - The Success Story of India's No.1 Reselling App
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Meesho.
Today, one can easily launch their very own online business seated comfortably at their homes, without investing a lot of money. Online shopping has developed significantly over the previous decade, and eCommerce companies now generate billions of dollars in monthly sales all across the globe.
People are depending on online purchasing platforms more than ever since the outbreak of the pandemic, and many are also using this opportunity to develop their own online empires. The online reselling industry is no different in that aspect.
It is very economical to establish an online reselling service. The expense of producing a product, handling inventory and paying for all the tools, personnel, and instruments can easily be dodged this way since you merely act as a link between the supplier and the buyer.
If you too are considering starting your reselling business Meesho is a platform you can consider. Meesho is an online resale platform that allows anybody to establish a company without having to put up any money. Leading the reselling landscape of India, Meesho takes pride in reselling indeed!
Here is the story behind the popular Indian reselling platform Meesho, the Latest News about the company, and about Meesho's Founders, Startup Story, Mission and Vision, Business and Revenue Model, Funding, Investors, Competitors, and more.
Meesho - Company Highlights
Startup Name Meesho
Headquarters Bangalore, Karnataka, India
Industry Retail, E-commerce
Founders Sanjeev Barnwal, and Vidit Aatrey
Founded 2015
Valuation $5 bn (March 2022)
Total Funding Raised $1.1 bn (October 2021)
Revenue $841.5 mn (FY21)
Current CEO Vidit Aatrey and Sanjeev Barnwal
Meesho Website www.meesho.com
About Meesho
Meesho - Industry
Meesho - Name, Logo, and Tagline
Meesho - Founders and Team
Meesho - Startup Story
Meesho - Mission and Vision
Meesho - Business Model and Revenue Model
Meesho - Funding, and Investors
Meesho - Investments
Meesho - Growth and Revenues
Meesho - Advertisements and Campaigns
Meesho - Competitors
Meesho - Challenges Faced
Meesho - Future Plans
About Meesho
The online reseller platform Meesho perhaps requires no introduction. The platform has carved a niche for itself and has gained popularity among consumers and retailers alike by making online reselling and shopping hassle-free and affordable. Meesho provides secure and timely transactions, as well as low-cost returns and shipping. More than 2.6 million resellers throughout India trust Meesho.
The Bangalore-based startup aspires to build an environment where anybody can establish a business with no financial investment. Along with having over 2 million resellers, the company also boasts of having more than 20,000 Meesho suppliers from more than 500 towns to its name. Meesho works on a commission of about 10-15%, and sellers may earn money with Meesho by introducing a gross margin to every transaction.
Meesho, India's largest resale platform, was founded in 2015. Meesho app essentially connects manufacturers to resellers. Manufacturers list their commodities on the Meesho shopping app, which allows merchants to choose from any of their products and sell them to customers using social networks like WhatsApp, Facebook, and Instagram. Clothing, accessories, furniture, culinary utensils, and cosmetics producers are among the suppliers who list their products on Meesho.
Independent resellers can then choose any product from these suppliers and sell it to customers using the social media sites mentioned. It's as simple as posting a photo of the item on Instagram or writing a Facebook post to sell it. After the customer and the reseller have agreed on the purchase, the Meesho items are delivered to the buyer's home. Buyers have the option of paying with a debit/credit card or cash on delivery for a secure and quick procedure of transaction
