Categories: Business

Nearly 75,000 sellers on Meesho hit double-digit growth in sales

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Round 75,000 sellers achieved double-digit development whereas over 20,000 sellers witnessed a 10-times bounce of their enterprise on Softbank-backed e-commerce agency Meesho, the corporate mentioned on Sunday.

Meesho is the primary unicorn e-commerce agency to have reported revenue this 12 months and it claims to have maintained the profitability because it first reported the efficiency in July.

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 per cent of those sellers come from small cities like Avinashi, Bharuch, Fiazabad and Silchar”, Meesho mentioned.

Meesho mentioned that it added round 7 lakh new sellers this 12 months taking the overall quantity to fifteen lakh this 12 months. The corporate recorded transactions for 14 crore clients and claimed that just about 80 per cent of the orders got here from tier 2 and smaller markets. Meesho mentioned that it recorded a novel sample of consumers inserting most orders on Sunday.

“Indian buyers have constantly topped Sundays as the final word buying day for 2 consecutive years, starting with an early fowl rush at 7 AM and culminating within the wee hours at 3 AM,” the assertion mentioned.

Even a buyer from Surat positioned over 20,000 orders for synthetic jewelry, the best on a person foundation, and continues to buy on the platform.

“Greater than 67 lakh clients turned to Meesho to buy hair fall management cures. As consciousness round self-care deepens, there’s a discernible shift in shopper habits, with Magnificence & Private Care witnessing a 40 per cent surge in development,” the assertion mentioned.

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Amirul

CEO OF THTBITS.com, sharing my insights with people who have the same thoughts gave me the opportunity to express what I believe in and make changes in the world.