Meesho, Meesho Supply is the largest online market
place for resellers in India.
Last year, Facebook
launched its Marketplace in India, which operates in the same space as Meesho.
Meesho claims that it is helping thousands of resellers earn
more than Rs 25,000($360) each month.
Mohan said the company does not see Meesho as a vehicle to expand its own family of services.
Meesho has most of its customers in smaller cities and towns,
popularly dubbed as India 2, where most users are still not offline.
Meesho also has most of its customers in smaller cities and towns,
popularly dubbed as India 2, where most users are still not online.
Meesho has most of its customers in smaller cities and towns,
popularly dubbed as India 2 where the next phase of internet users are joining from.
With this investment in Meesho, we want to fuel a business model that can
result in rapid job creation and the rise of a female entrepreneurial class in India.
Neither Facebook nor Meesho, which prior to this announcement had raised about $65
million from a number of investors including DST Partners, RPS Ventures and Shunwei Capital, shared financial terms of the deal.
It's been an amazing journey for the Meesho team
and we cannot wait to do more as we work towards our goal of building a bigger community and enabling millions of entrepreneurs to be successful.
Vidit Aatrey, Co- Founder, Meesho, said,“It's been an amazing journey for the Meesho team
and we cannot wait to do more as we work towards our goal of building a bigger community and enabling millions of entrepreneurs to be successful.
It's been an amazing journey for the Meesho team
and we cannot wait to do more as we work towards our goal of building a bigger community and enabling millions of entrepreneurs to be successful,” said Visit Aatrey, co-founder, Meesho.