This Saturday, meetup at @Meesho_Official office in Bengaluru.
on "Cracking PMF the MEESHO Way"
with case studies, frameworks, reusable templates and steps you can also follow to achieve PMF for any new product or feature.
Get your ticket here -> https://t.co/fTcZWEAJjo
Today, with immense pride, we announce that @Meesho_Official is the First Horizontal Indian E-commerce Company to Turn Profitable! 🚀
I extend my heartfelt gratitude to the entire Meesho family for their tireless hard work and unwavering dedication over the years, which has propelled us to ever-greater heights. Thank you, investors, for believing in our vision and unwavering support.
To our incredible sellers and customers, your trust drives our success.
Cheers to this remarkable journey and an even brighter future!
We did it!
Thrilled to announce that @Meesho_Official has achieved a historic milestone - profitability (EBITDA and PAT profitable) as of July 2023, making us the first horizontal e-commerce company in India to do so!
And we achieved this feat while driving a 43% growth in orders and 54% growth in revenue in the last 12 months!
Heartfelt gratitude to our exceptional team of Meeshoites who made this possible through their relentless dedication and passion!
@barnwalSanjeev
It’s better to be too direct with your feedback than let it fall flat on the person taking it. Running a business is a not a popularity contest with your teammates.
Paying influencers to peddle rumours against us has been happening for the last many months.
But it won't shake our confidence, rather make us more determined towards of our mission of bringing Indian small business economy online. 👊
I was at Amzn early '00s when we lost 95% of our market cap. Later at FB I negotiated a down-round in '09, and then in '12 our stock dropped 50% post-IPO. I was on the board of a public company that went bankrupt (Borders) and a start-up that went under (Hello). Some lessons:
"Honesty is a core, core, core value.
By honesty, I mean I want to be able to just be me.
I never want to be in an environment or around people where I have to watch what I say."
@naval
Two mantras which I found to be extremely helpful in shortening the time to PMF:
1. Defining right success metrics
2. Building faster feedback loops
Easier said than done :)
While building a business - Nothing can be more satisfying than meeting your customers on ground and hearing about the positive impact of your business in their life
Have you met Farmiso? 🍎🥕
Our online grocery store for Tier-2+ markets is taking off 🚀 thanks to our unique business model:
❌ No to commissions
✔️ Yes to supporting & empowering small businesses
Remember standing in a crowded market & negotiating with the store owner for a better price? What if you didn’t have to do that anymore?🤔
Our latest TVC tells you just that. Get the lowest cost for a range of products, because Meesho pe sab “Sahi Sahi Lagaya Hain!”
Kyunki Meesho par commission hai zero, business aapka banega hero!
Small businesses now have an even better shot at being successful online, with Meesho's 0% commission launch. Meesho is intent on democratising internet commerce for small businesses. Watch our new campaign below.
And we have lift-off! Farmiso App is now available to download from Google Play Store.
For a much-deserved celebration after the launch, the Farmiso team, along with @PartaniMilan (General Manager - Farmiso) & @ckalyan (VP Engineering - Meesho) came together for a fun evening.
Happy Meesho Day, everyone! As we celebrate the sixth anniversary of Meesho, we can’t help but look back on how far we have since our Co Founders @viditaatrey (CEO) & @barnwalSanjeev (CTO) dreamt to launch a company that would impact the lives of millions through ecommerce.
In my experience the best founders develop a fighter mentality. Mark Zuckerberg was a fighter, and without that mentality Facebook would never have achieved its full potential. Here’s what I saw over 13 years working for Zuck: