Tag: Meesho

Meesho ropes in Debdoot Mukherjee as Chief Data Scientist

E-commerce firm Meesho has appointed Debdoot Mukherjee as its Chief Data Scientist. In this new role, Mukherjee will oversee the company’s efforts to make every pillar of the e-commerce marketplace smarter and more efficient with the use of AI. He will lead the current 30-member strong AI team at Meesho and strengthen it by 3x…

Meesho appoints Harsh Chaudhary to lead monetisation

Meesho, an internet commerce company, announced the appointment of Harsh Chaudhary as CXO for Monetisation. In this role, Harsh will lead the team that bolsters revenue generation from Meesho’s various business units. His appointment to the leadership team will further augment Meesho’s growth and accentuate its scale, the statement said. An alumni of Indian Institute of…

Meesho raises $570M at $4.9 Billion valuation

Meesho, social commerce platform, has announced that it has raised $570 million. With this round, within 5 months, its valuation has now shot up to $4.9 Billion, according to a statement. The round was led by Fidelity Management & Research Company and B Capital Group. Existing investors Prosus Ventures, SoftBank Vision Fund 2 and Facebook…

Meesho secures $300 million from SoftBank Vision Fund

Indian-origin social commerce platform – Meesho has announced that the company had raised $300 million from SoftBank Vision Fund. Existing investors – Facebook, Prosus Ventures, Venture Highway, Shunwei Capital and Knollwood Investment also participated in the latest financing round of Meesho. Speaking on the investment, founder and CEO of Meesho – Vidit Aatrey said, “We are…

Social commerce platform Meesho lays off 200 employees: Report

Social commerce startup Meesho has reportedly laid off more than 200 employees of its 700-strong workforce. According to a recent report by the news website Entrackr, in an attempt to conserve cash during the pandemic, the startup has laid off over 200 employees just days after entering into the grocery delivery business. According to the…

Meesho raises $50 million in its series-C funding round from Shunwei Capital, DST Partners, and RPS Ventures.

Meesho, an Indian-origin social commerce platform on Tuesday announced that the company had raised $50 million in Series C funding from new investors including Shunwei Capital, DST Partners, and RPS Ventures. Existing investors Sequoia India, SAIF Partners, Venture Highway, and Y Combinator also participated in the round. Total funds raised by Meesho in three funding rounds…