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MEESHO VALUATION CUT
ED's Parimatch heat reaches Zepto; SPC's India deeptech pushZepto has come under the ED's scanner as part of its probe into Parimatch. This and more in today's ETtech Top 5.
Deeptech bets heat up; Paytm, PB Fintech, Meesho earningsHappy Thursday! VCs are doubling down on India’s deeptech, with early-stage bets leading the charge. This and more in today’s ETtech Mornin...
Job cuts at Freshworks; Meesho, PB Fintech Q4 earningsFreshworks announced job cuts as it ramps up AI focus. This and more in today's ETtech Top 5.
Will Meesho's 60% comeback rally cool or can Q4 serve as a new launchpad?Meesho shares remain in focus ahead of Q4 results after a sharp 60% rebound from March lows. While brokerages expect strong NMV growth, con...
Razorpay eyes IPO; Sarvam's $1.5 billion leapHappy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more in today's ETtech Morning Dispatch.
Meesho, Aequs or Vidya Wires? Analysts' top IPO pick is not the one with highest GMPAnalysts favor Aequs as the top IPO pick for long-term investors, citing its balance of growth, clarity, and valuation. While Meesho leads ...
SoftBank back at deal counter with Icertis deal talksTech VC in funding talks with portfolio co Icertis, which is stitching up a $150m secondary round
Meesho kicks off Rs 200-crore Esop buybackBoth current and former employees can participate in the buyback programme, its largest to date. Meesho said it had conducted similar buyba...
Meesho in talks for secondary deal with Peak XV, Tiger Global at $3.5-3.9 billion valuationSome of Meesho's angel investors and other early backers may sell shares worth around $200 million, people in the know told ET. The transac...
PB Fintech's maiden profit; another markdown for MeeshoPolicybazaar parent PB Fintech on Tuesday reported its first ever net profit on the back of strong revenue growth for the quarter ended Dec...
Fidelity further marks down fair value of MeeshoA fund managed by financial services major Fidelity has further marked down the fair value of e-commerce firm Meesho, according to a monthl...
Fidelity cuts fair value of Meesho, Pine LabsAs per the filings, Fidelity's funds have set Meesho’s fair value at around $4.1 billion as of October 31, 2023, down from around $5 billio...
Meesho says logged first monthly profit after tax in JulyIn a statement on Monday, the Bengaluru-based firm, which is backed by SoftBank and Meta, said that it has seen its order volumes surge by ...
Byju’s, Meesho face valuation cuts; electric two-wheeler beneficiaries’ tally under FAME slashedOn Tuesday, BlackRock further marked down the valuation of edtech firm Byju’s, while Fidelity Investments slashed Meesho’s valuation by 10%...
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
Meesho tightens returns process to save costs, triggers seller protestsMeesho undertook changes to its product returns policy following feedback from its third-party logistics partners, the sources added. Retur...
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...
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...
Cars24 fires 600 employees across departmentsCars24, backed by Japan’s SoftBank and Alpha Wave Global, has joined a growing list of startups such as Unacademy, Vedantu, and Meesho that...