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