GroovyBurrito
GroovyBurrito

Meesho raises funding

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?
10mo ago
PerkyBiscuit
PerkyBiscuit
Meesho10mo

It’s a down round from 4.9 to 3.9B Climate mostly depends on who you ask, but hikes were low, hired a lot of juniors recently,
Every one with vested shares were allowed to sell 30% of it at the same valuation 3.9B

FuzzyMarshmallow
FuzzyMarshmallow

Are they hiring for APMs?

GroovyBurrito
GroovyBurrito

thanks for sharing!

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by CosmicTacoGrapevine

Meesho Secures $250-270 Mn Funding Round

  • Meesho has closed another $250-270 Mn round from investors including Tiger Global, Think Investments, and Mars Growth Capital, primarily through secondary share sales.
  • The company has filed an application to shift its domicile to its...
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by JazzyWalrusRazorpay

Meesho Buyback Details

  1. What’s the valuation at which buyback is offered? How low compared to last funding round?
  2. Is this a buyback or secondary sale?
  3. Upper cap on how much can someone sell?
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by DancingBananaSwiggy

Big if true, given Meesho’s scale

I know this might be a one off, but even if they are close to profitable/break even quarters, this can become a strong business

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Top comments
user

I dont trust a single words come out of the CXO’s mouth in case of startups. All bullshiting and hyping

user

Guess they finally adjusted EBITDA hard enough

user

Seems fake. All account gimmickry. Trust me. If they are EBITA positive, get yourself listed.