Get ready to be amazed by the incredible growth achieved by Meesho, an e-commerce firm backed by Softbank. With nearly 75,000 sellers on its platform, Meesho has recorded double-digit growth in its sales. What’s even more impressive is that Meesho is the first e-commerce unicorn to report a profit this year and has maintained profitability since July. The company has added around 700,000 new sellers this year, bringing the total number to 1.5 million. These statistics speak to the success and appeal of Meesho among entrepreneurs, especially those from small towns. Read on to discover more about the exciting journey of Meesho and the impact it has made on the e-commerce landscape.
Meesho Records Double Digit Growth in Sales with Nearly 75,000 Sellers
Meesho, the Softbank-backed e-commerce firm, has reported an impressive double-digit growth in sales, with nearly 75,000 sellers contributing to this success. This makes Meesho the first unicorn e-commerce firm to have achieved profitability this year. Since its initial performance report in July, Meesho has been able to sustain its profitability, showcasing its strong position in the market.
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Meesho said that it added around 7 lakh new sellers this year
With a continued focus on expanding its seller base, Meesho has successfully added around 7 lakh new sellers this year. This brings the total number of sellers on the platform to an impressive 15 lakh. This growth in seller numbers demonstrates the trust and confidence that sellers have in the Meesho platform, as well as the opportunities it offers for them to grow their businesses.
Nearly 10,000 Meesho sellers crossed the Rs 1 crore sales mark
A significant achievement for Meesho is that nearly 10,000 of its sellers have crossed the Rs 1 crore sales mark. This milestone reflects the platform’s ability to support and empower sellers to achieve substantial sales growth. It also highlights the potential for sellers to thrive in the e-commerce space with the right platform and resources.
Meesho recorded transactions for 14 crore customers
Meesho’s reach extends to a vast customer base, with transactions recorded for 14 crore customers. This showcases the platform’s popularity and the trust customers have in it for their shopping needs. The platform’s wide customer base is a testament to the quality of products and services it offers, attracting a diverse range of customers.
Nearly 80 per cent of the orders came from tier 2 and smaller markets
An interesting trend observed on Meesho is that nearly 80 per cent of the orders come from tier 2 and smaller markets. This highlights the platform’s ability to penetrate and serve customers beyond metropolitan cities. Meesho’s presence in smaller markets showcases its commitment to inclusivity and ensuring that customers from all regions can access quality products.
Customers placing maximum orders on Sunday
Meesho has observed a unique pattern among its customers, with maximum orders being placed on Sundays. Indian shoppers have consistently crowned Sundays as the ultimate shopping day, and this trend has continued for two consecutive years. The rush begins early in the morning at 7 AM and continues until the wee hours at 3 AM, indicating the enthusiasm and excitement of customers when it comes to shopping on Meesho.
Indian shoppers have consistently crowned Sundays as the ultimate shopping day
The preference for Sundays as the ultimate shopping day is a common trend among Indian shoppers. Meesho’s observation aligns with the shopping habits of Indian consumers, who often dedicate weekends to leisure activities and shopping. Sundays provide shoppers with the time and opportunity to browse and purchase products they desire.
Surat customer placed over 20,000 orders for artificial jewellery
Meesho has witnessed the loyalty and dedication of its customers, with one customer from Surat placing over 20,000 orders for artificial jewellery. This individual’s consistent shopping on the platform showcases their trust in Meesho and the quality of the products offered. It also highlights the platform’s ability to cater to the diverse needs and preferences of its customers.
More than 67 lakh customers turned to Meesho to shop for hair fall control remedies
As awareness around self-care grows, Meesho has become a trusted destination for customers seeking hair fall control remedies. More than 67 lakh customers have turned to Meesho for their hair care needs, indicating the platform’s recognition as a reliable source for effective and trustworthy products. This surge in demand further solidifies Meesho’s position in the beauty and personal care market.
Beauty & Personal Care witnessing a 40 per cent surge in growth
Meesho’s focus on beauty and personal care has paid off, with this segment experiencing a significant surge in growth. The platform has witnessed a 40 per cent increase in this category, demonstrating the trust customers have in Meesho for their beauty and personal care needs. This growth reflects the rising demand for high-quality beauty products, and Meesho’s ability to meet these demands effectively.
In conclusion, Meesho’s double-digit growth in sales with nearly 75,000 sellers is a remarkable achievement. The platform’s profitability and sustained success showcase its strength in the highly competitive e-commerce market. With a focus on expanding its seller base, Meesho continues to empower small businesses and entrepreneurs to thrive. The platform’s popularity among customers, especially in smaller markets, further highlights its ability to cater to diverse customer needs. Meesho’s observation of Sundays as the ultimate shopping day and its success in the beauty and personal care segment further solidify its position as a reliable and customer-centric platform.