E-commerce start-up Meesho announced that its platform had acquired more than 100 million transacting users in the previous year. Since March 2021, the platform’s transactional user base has increased by nearly 5.4 times. In addition, according to the business, its gross merchandise value (GMV) has risen by about three times, which did not provide specific figures.
“In the sphere of e-commerce, Meesho has achieved significant growth in a short span of time. We have been the fastest to reach 100 million transacting users. With nearly 80 per cent of the demand coming from tier 2 plus cities, our vision to democratize e-commerce for everyone is truly being brought to life,” Utkrishta Kumar, CXO – Business at Meesho, said.
Since April 2021, Meesho has seen an 85% rise in seller registrations and a threefold increase in average seller revenue.
According to the statement, about 70% of all Meesho vendors come from tier 2+ cities like Hisar, Panipat, and Tiruppur.
“Meesho has enabled the creation of thousands of jobs for delivery personnel and enabled lakhs of MSMEs to succeed online. We are building a platform that enables growth and margins for MSMEs,” Kumar said.