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vishakha Jangir
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Set2Score • 1m
𝗚𝗲𝗻𝗭'𝘀 𝗲𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝗶𝗮𝗹 𝘀𝘁𝗼𝗿𝗶𝗲𝘀 𝘀𝗲𝗿𝗶𝗲𝘀: 𝗖𝗵𝗮𝗽𝘁𝗲𝗿 𝟱: Vidit Aatrey and Sanjeev Barnwal founded Meesho in their early 20s with the vision of enabling small sellers and homemakers to start businesses without heavy investment. The platform allowed people to sell products directly through WhatsApp, Facebook, and Instagram, removing barriers like inventory and complex logistics. It became especially popular among women and small-town entrepreneurs, helping millions start their first business using only a smartphone and internet. Meesho’s zero-commission model empowered sellers, while the company earned revenue from advertising and logistics. Over time, Meesho grew to become one of India’s largest e-commerce platforms, reaching Tier 2, 3, and even Tier 4 towns. The company built its own logistics arm, Valmo, to bring down fulfilment costs and improve efficiency. By FY 24, Meesho generated ₹7,615 crore in operating revenue, growing 33% year-on-year, while reducing losses by 97% to just ₹53 crore. It became the first horizontal Indian e-commerce company to achieve positive free cash flow of ₹197 crore. The platform clocked 134.2 crore orders in FY 24, marking a 31% increase in order volumes. It reached 187 million unique annual transacting users, nearly 13% of India’s population, with almost half from Tier-4 and smaller towns. Meesho commands the highest engagement time among Indian shopping apps, averaging 500 seconds per user per day—higher than Flipkart and Myntra. The business currently runs at a GMV run rate of $6.2 billion and is expected to grow at 26% CAGR through FY 31. The company is preparing for a $1 billion IPO in late 2025, with an expected valuation of $7–10 billion, having already transitioned to a public limited entity. Its journey from a college-founded startup to a billion-dollar company has inspired millions of Gen Z entrepreneurs, proving that impactful businesses can be built at a young age.
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