February 21, 2024
Round 75,000 sellers achieved double-digit development whereas over 20,000 sellers witnessed a 10-time leap of their enterprise on Softbank-backed ecommerce agency Meesho, the corporate mentioned on Sunday. Meesho reported a revenue this yr and claims to have maintained the profitability because it first reported the efficiency in July.

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The corporate claimed that just about 10,000 Meesho sellers crossed the Rs 1 crore gross sales mark and 130,000 registered gross sales of over Rs 1 lakh throughout 2023. Round “60% of those sellers come from small cities like Avinashi, Bharuch, Fiazabad and Silchar”, Meesho mentioned.

Meesho mentioned it added round 7 lakh new sellers this yr taking the entire quantity to 1.5 million this yr.

The corporate recorded transactions for 14 crore prospects and claimed that just about 80% of the orders got here from tier-2 and smaller markets.

Meesho mentioned it recorded a novel sample of shoppers putting most orders on Sunday.

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“Indian consumers have constantly topped Sundays as the last word procuring day for 2 consecutive years, starting with an early chook rush at 7 AM and culminating within the wee hours at 3 AM,” the assertion mentioned. A buyer from Surat positioned over 20,000 orders for synthetic jewelry, the very best on a person foundation, and continues to buy on the platform.

“Greater than 6.7 million prospects turned to Meesho to buy hair fall management treatments. As consciousness round self-care deepens, there’s a discernible shift in shopper habits, with ceauty & private care witnessing a 40% surge in development,” the assertion mentioned.