Meesho raised funds from Softbank and Tiger. Sign of funding winter ending soon?

https://techcrunch.com/2024/05/10/meesho-an-indian-social-commerce-with-150m-transacting-users-secures-275m-in-new-funding/ In current climate, great to see they’re able to raise! Folks at Meesho, some questions: - does anyone know if this is a down round? - how’s the climate inside Meesho? Appraisals, hiring etc - are all employees allowed to sell in the secondary?

Today there was a startup that raised $300 million dollars. I have never seen people around me use this product. Even when I go to my native villages and tier 3 towns no one I have heard uses this product. Are these guys faking metrics to please investors or is there any genuine customer base?

There’s now a list of 4-6 startups that have shut down and announced closure in December. Why is this happening

Meesho will be firing 251 employees this week. I have many batchmates in this org and have heard nothing but good about this company. Sad to see this economy claiming another victim in the form of Meesho.

Can we please share the companies which are laying off and kind of roles laid off? 1. Goldman Sachs -Consumer Banking 2. Twitter -Marketing If you have any other companies also please post in comments

ngmi - not gonna make it

In brief- Very ambiguously choosen. Multiple reasons at play so far it looks - primarily cost, other one is trying to flatten the hierarchy quite implicit, cutting roles of pure people management & no ground impact at all, etc AMA

While I'm proud of these two revolutionising the quick commerce space, I somehow have a bad feeling about this Profits aren't coming, money is flowing Don't know what the VCs are seeking? Why bake a a pie that you can't eat later?

https://www-moneycontrol-com.cdn.ampproject.org/c/s/www.moneycontrol.com/news/technology/meesho-announces-esop-buyback-of-rs-200-crore-likely-to-benefit-1700-employees-12452511.html/amp A good news after loooong time.. whats the valuation as per this?