- Witnessed 7X increase in seller registration since April 2021 along with ~3X growth in average seller revenue
- Recorded ~4X growth in the number of lakhpati sellers and ~5.5X growth in crorepati sellers since January 2021
National, May 24, 2022: Meesho, India’s fastest growing internet commerce company, announced that it has crossed 6 lakh seller registrations on the platform, recording a 7X increase since April 2021. An increasing number of small businesses have joined Meesho in the past year as a result of the company’s industry-first initiatives such as zero commision and zero penalty.
More than half of these sellers operate only on Meesho, thereby making it the e-commerce platform of choice for small and medium businesses across the country.
Nearly 70% of all Meesho sellers hail from tier 2+ cities such as Amritsar, Rajkot and Surat, among others. The company has been instrumental in transforming ~1 lakh small business owners into lakhpatis and over 5,000 into crorepatis since January 2021. Enabling sellers to tap into a large and diverse customer base has boosted their earning potential.
Commenting on this growth, Lakshminarayan Swaminathan, CXO, Supply Growth at Meesho, said, “We are building a platform that enables high growth and profit margins for MSMEs. Sellers on Meesho have seen their revenue triple since April 2021. It is immensely fulfilling to see the role Meesho is playing in helping small businesses reach their full potential. When we say we're democratising internet commerce, that also means we are creating a level playing field for sellers. Today, Meesho is the only platform that does not differentiate sellers on the basis of tiers, nor do we have a private label play or wholesale play. Through our seller-friendly initiatives, we will continue to further our vision of enabling 100 million small businesses to succeed online.”
Meesho has built robust data-backed models that have helped create a user-friendly experience, resolve the pain points of sellers and introduce a greater degree of transparency to the e-commerce ecosystem.
Most small businesses in India are not yet technologically savvy and mobile-first. Meesho was the first Indian company to launch an integrated e-commerce mobile app for customers and sellers is part of the company's efforts to drive the digitisation of small businesses in the country. Through this app, sellers can manage their businesses better, whether it’s order processing, payment tracking or inventory management.