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Separator

About 75,000 Sellers had Double-Digit Growth on Meesho

CIO Insider Team | Monday, 25 December, 2023
Separator

According to the company, about 75,000 vendors had double-digit growth, while over 20,000 sellers saw a 10-fold increase in their business on Softbank-backed ecommerce platform Meesho.

Meesho reported a profit this year and claims to have maintained it after the result was originally disclosed in July.

The company claimed that nearly 10,000 Meesho sellers crossed the Rs 1 crore sales mark and 130,000 registered sales of over Rs 1 lakh during 2023.

Around "60 percent of these sellers come from small towns like Avinashi, Bharuch, Fiazabad and Silchar", Meesho said.

Meesho stated that it added almost 7 lakh new sellers this year, bringing the total number to 1.5 million.

The company registered 14 crore customer transactions and stated that roughly 80% of orders originated from tier-2 and lower markets.

Meesho reported a distinct pattern of customers placing the most orders on Sunday.

Meesho reported a profit this year and claims to have maintained it after the result was originally disclosed in July.

"Indian shoppers have consistently crowned Sundays as the ultimate shopping day for two consecutive years, beginning with an early bird rush at 7 AM and culminating in the wee hours at 3 AM”.

The greatest single order total of over 20,000 was placed by a Surat consumer who is still making purchases on the platform.

"More than 6.7 million customers turned to Meesho to shop for hair fall control remedies. As awareness around self-care deepens, there is a discernible shift in consumer habits, with ceauty & personal care witnessing a 40 percent surge in growth”.

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