meesho
BlackRock has slashed the value of stake in Byju’s, once worth $22B, to zero
HSBC and BlackRock estimate that the Indian edtech giant Byju’s, once valued at $22 billion, is now worth nothing.
Meesho, an Indian social commerce platform with 150M transacting users, raises $275M
Meesho, a leading e-commerce startup in India, has secured $275 million in a new funding round.
Amazon takes on India rivals with Bazaar, a low-cost fashion store
Amazon has quietly introduced a “special store” called Bazaar in India, featuring affordable and trendy fashion and lifestyle products, as it ramps up efforts against Walmart-owned Flipkart and Reliance’s Ajio,…
Amazon to launch ‘special store’ for value fashion in India
Amazon is preparing to make another attempt to break into India’s fast-growing fashion and lifestyle e-commerce sector, setting up a battle with rival Flipkart, owned by Walmart; Reliance’s Ajio; and…
Meesho taps micro-entrepreneurs to plug gaps in India’s supply chain network
India is one of the fastest growing economies, yet its supply chain system remains antiquated, operating much as it did decades ago. The logistics sector is highly fragmented, with a…
Fidelity has cut the value of its holding in Meesho by 33.6% since the original investment, giving the Indian social commerce startup a valuation of $3.25 billion. Adjusted for outstanding…
Meesho GMV tops $5B; app grows faster than Flipkart, Amazon India
India’s Meesho is rapidly gaining user traction, challenging entrenched leaders Flipkart and Amazon. The Bengaluru-headquartered startup, which operates a social commerce platform, is currently at a GMV run rate of…
WestBridge Capital is in advanced stages of talks to purchase shares of Meesho worth tens of millions of dollars in the secondary market, according to two people familiar with the…
Coupang doesn’t plan to enter the Indian market, the company said, refuting a local media report that claimed that the South Korean e-commerce firm had expressed interest in entering the…
India’s Meesho cuts 251 jobs to ‘accelerate timeline to profitability’
Meesho cut 15% of its workforce, or 251 roles, on Friday as the Indian social commerce startup pares its expenses to improve its financial health and confront the “economic reality.”…
Amazon, facing ‘unfavorable’ regulatory environment, struggles to expand in India
Amazon is lagging its chief rival Flipkart in India on several key metrics and struggling to make inroads in smaller Indian cities and towns, according to a scathing report by…
Facebook parent Meta eyes investment in Indian app Better Opinions
Facebook-parent Meta, which counts India as its largest market by users, is gearing up to make its third startup investment in the South Asian market. The American social media group,…
Amazon may be attempting to take on Shopify in the west, but in India, it is gearing up to explore social commerce. Amazon has acquired the Indian social commerce startup…
India’s Meesho likely to postpone new funding amid market uncertainty
Meesho has let go over 150 employees and is looking to eliminate at least as many more positions as the Indian social commerce attempts to streamline its operations following an…
The latest list of YC-backed companies worth over $150M is the most geographically diverse yet
In 2018, Y Combinator released its first mega list of the top companies valued at $150 million or more that have gone through the accelerator. Over the past four years, it’s…
Depict.ai raises $17M to give e-commerce sites Amazon-level product recommendation muscle
Amazon rules the roost when it comes to e-commerce, not just because of its size but because of how it uses that to amass large amounts information that it in…
Indian social commerce DealShare bags $45 million from ADIA, eyes international expansion
Abu Dhabi Investment Authority is backing the Indian social commerce startup DealShare, the two said Thursday, joining a roster of marquee investors doubling down on India’s fast-growing e-commerce market. A…
YC-backed Namibian startup JABU gets $3.2M for its B2B e-commerce and retail play
Namibian business-to-business e-commerce startup JABU confirmed to TechCrunch that it has raised a $3.2 million financing round. The seed round, which was closed last year, welcomed investors such as Afore…
India’s Mensa, a house of DTC brands, becomes unicorn in just six months
Mensa Brands, an Indian startup that acquires direct-to-consumer brands and helps them scale within the home market and overseas, has become a unicorn just six months after launching its business.…
Tiger and Falcon look to double down on Indian social commerce startup DealShare
Tiger Global and Falcon Edge Capital are looking to double down on their bets on DealShare, becoming the latest high-profile investors to go all-in on India’s nascent but growing social…
Google in talks to invest in Facebook-backed Indian social commerce Meesho
Google has held discussions to invest over $50 million in Indian social commerce startup Meesho, which recently secured $570 million in a financing round, according to a source familiar with…
Indian social commerce Meesho raises $570 million at $4.9 billion valuation
Meesho has more than doubled its valuation in less than six months, to $4.9 billion, as a growing number of high-profile investors back the Indian social commerce startup that is…
Sea’s Shopee begins recruiting sellers in India, quietly launches website
Southeast Asian e-commerce giant Shopee, which recently expanded to several Latin American nations, appears to be preparing to launch in another international market: India. The company, owned by Singapore-headquartered Sea,…
Zeta, a startup that helps banks and fintech firms launch products, is the newest to attain the coveted unicorn status after closing a financing round. The banking tech firm, co-founded…
Zeta in talks with SoftBank to raise at over $1 billion valuation
Banking tech startup Zeta is inching closer to the much sought-after unicorn status as it engages with investors to finalize a new round, two sources familiar with the matter told…
Indian social commerce Meesho valued at $2.1 billion in new $300 million fundraise
Meesho said on Monday it has raised $300 million in a new financing round led by SoftBank Vision Fund 2 as the Indian social commerce startup works to become the…
SAIF Partners rebrands as Elevation Capital, secures $400 million for its new India fund
SAIF Partners has raised $400 million for a new fund and rebranded the 18-year-old influential venture capital firm as it looks to back more early-stage startups in the world’s second…
High-profile startup execs back Indian influencers platform CreatorOS
The advent of low-cost Android smartphones and the world’s cheapest mobile data has paved the way for millions of social media influencers in India to amass a following of tens…
Featured Article
Facebook addresses political controversy in India, monetization opportunities, startup investments
At the beginning of the previous decade, Facebook had a tiny presence in India. It had just started to slowly expand its team in the country and was inking deals with telecom operators to make access to its service free to users and even offer incentives such as free voice…
Featured Article
Indian startups diversify their businesses to offset COVID-19 induced losses
E-commerce giant Flipkart is planning to launch a hyperlocal service that would enable customers to buy items from local stores and have those delivered to them in an hour and a half or less. Yatra, an online travel and hotel ticketing service, is exploring a new business line altogether: supplying…
