Meesho: Targets 100 mn monthly transacting users by Dec 2022
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24 December 2021, Mumbai:
Bluetooth headphones, choppers, and peelers topped shopping charts of the e-commerce platform this year.
Meesho said on Thursday its aims to reach 100 million monthly transacting users by December 2022 an internet commerce platform and increase its roster to over 50 million products.
Over the next year, the SoftBank-backed firm said it will continue to fuel the discoverability of hyperlocal businesses and products, make e-commerce accessible to value-conscious customers. Meesho raised $570 million from investors, including SoftBank, in September. After the funding, Meesho’s valuation more than doubled to $4.9 billion in less than five months.
As India’s retail industry evolves, a growing number of value-conscious online shoppers are reshaping the landscape of Indian e-commerce. Bluetooth headphones, choppers, and peelers topped shopping charts on Meesho this year.
With lockdowns extending work from home and pausing socializing or dining out, Indians took matters into their own hands. Over 45 lakh Bluetooth headphones and 17 lakh choppers and peelers were sold in 2021. Sarees, Kurtis and kurtas, and printed bedsheets were also among the top-5 products sold this year.
(The news article has not been edited by DFU Publications staff)
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