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MEESHO CASH BURN
Uber CEO on Travis Kalanick; Micron’s warning to IndiaDara Khosrowshahi told ET in an interaction that Uber is open to collaborating with founder Travis Kalanick. This and more in today’s ETtec...- YC partner on AI's funding gap, Indian startups; TCS CEO talks IT's resilienceHappy Monday! Y Combinator’s Ankit Gupta told ET in an exclusive chat that AI money is crowding at the top while early founders scramble fo...
- Meesho IPO: Strong anchor book signals global confidence; CEO says free cash flow to stay in focusMeesho’s top leadership outlines strong anchor investor interest, growth plans, and the roadmap to profitability ahead of its IPO. CEO Vidi...
- Venture Highway sells off its stake in Meesho to WestBridgeVenture Highway first invested in Meesho in 2015. The exit comes just days after Venture Highway co-founder Samir Sood stepped down as a pa...
- WestBridge Capital to pick up secondary stake in Meesho at around $3 billionThe Indian fund which has backed companies like Freshworks, Dealshare and PhysicsWallah is in talks to pick up about 2% stake in Meesho.
- Fidelity Investments cuts Meesho's valuation by 10% to $4.4 billionNotably, Fidelity’s funds had valued Meesho at $4.98 billion as of December 2022. Prior to that, as of September 2022, the investor had asc...
- Ecommerce startup Meesho cuts 15% workforce; layoffs amount to 251 employeesCEO Vidit Aatrey tells staff firm made judgment errors in over hiring, now aligning people cost with new biz projections
- Made judgement errors in over-hiring: Meesho CEO Vidit Aatrey after announcing layoffsMeesho joins a growing list of Indian startups that have been downsizing their employee amid a larger reset in the technology industry glob...
- Meesho cuts 15% workforce to prune costs; Tim Cook sees India at a ‘tipping point’After firing 150 employees nearly a year ago, ecommerce startup Meesho has announced layoffs again that will affect 251 employees as it aim...
- Inside Meesho’s reset: to cut cash burn, brace for slower growthExperts say a key challenge for Meesho to continue growing while reducing burn will arise from its customer profile, noting that they are n...
- Behind Meesho’s reset; SVB hit Indian startups moved funds to Gift City, other countriesUntil early in 2022, ecommerce startup Meesho was burning around $40 million a month in cash as it took on bigger rivals Amazon India and W...
- Meesho losses surge 7.5X to Rs 3,247 cr in FY22 as expenses riseUnlike the big ecommerce players, Meesho does not charge sellers a commission on the sale of merchandise. It makes money by charging an adv...
- Social commerce startup Meesho shutters Superstore grocery business in India, 300 'lose' jobsHomegrown social commerce platform Meesho has reportedly shut down its grocery business called Superstore in more than 90 per cent of citie...
- Meesho shutters Superstore grocery business in India, 300 'lose' jobsIn April, Meesho rebranded Farmiso to Superstore, with an aim to highlight its continued focus to fulfill consumer demand for daily essenti...
- Meesho looks to cut costs, extend cash runaway with new seller policiesThe company has told at least one of its third-party logistics partners – among the largest nationally — that it expects shipment volumes t...
- Meesho lays off over 150 employees from grocery biz as it restructures vertical“As we look to boost efficiencies in the light of the integration, a small number of full-time roles and certain third-party positions on s...
- Meesho served notice on non-compliance with metrology rules on country of origin, other detailsThe rule on country of origin had become a bone of contention during the India-China border tension in 2020. The department had fined Amazo...
- Meesho plans 'price drop' amid e-tail discount scrutinyCompany says not discounting products on platform; compliant with FDI rules
- Exclusive: Google in talks to back social commerce startup MeeshoGoogle’s latest investment will take Meesho’s total funding to over $900 million so far this year, including $300 million that it raised fr...
- Fidelity may lead Meesho's new $550-600M round taking valuation up to $5BRival DealShare also closing new financing at $1.5–1.8 billion valuation as social commerce players attract big investments
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