Instead, young, Vc-backed b2b startups like Meesho and Udaan are heralding a new dawn in Indian e-commerce.
Why is Meesho so successful
Meesho helps individuals to start their own online selling business with Zero Investment because most individuals want to start their own business but they do not have access to capital.
It helped many individuals turned self-employed people to grab the opportunity and do something by own.
What is B2b b2c c2b and C2C
The other three categories of e-commerce are B2B (business to business), C2B (customer to business) and B2C (business to customer).
A solid example of C2C transactions would be the classifieds section of a newspaper, or an auction.
How many sellers are in Meesho
Social commerce app meesho is targeting to onboard 1.2 million sellers on its platform by the end of the current financial year, its supply growth CXO Lakshminarayan Swaminathan told FE.
The platform currently has 725,000 registered sellers. As of May, it had already increased its base to 600,000 sellers.
Is Razorpay a unicorn
Razorpay: A Bangalore based fintech startup, founded by Harshil Mathur and Shashank Kumar, has recently secured $100 million in Series D funding led by GIC, Singapore’s sovereign wealth fund, along with Sequoia & our existing investors Ribbit Capital, Tiger Global, Y-Combinator and Matrix Partners and entered the
How big is DealShare
DealShare currently operates in 100 cities and towns across 10 states. “Today, we cover 12-13 per cent of India’s population and intend to hit 25 per cent coverage by the end of next year and eventually cover the entire country in three to four years,” Medda added.
How does Meesho algorithm work
The company invested in a price recommendation algorithm, an AI lead system that looks at the history of Meesho and product sales to suggest a price to the supplier.
It tries to understand the product, maps it to certain similar products, and then understands what price works best for the product.
How is Pinduoduo different from Groupon
First, Pinduoduo deals are designed by sellers, but initiated by consumers (i.e., users must create or join a group of a certain size to access a deal) whereas Groupon deals are designed and managed by sellers.
Is Meesho growing
Since March 2021, the transacting user base on the platform has grown by 5.5 times.
Meesho claims to have recorded over 100 million transacting users between March 2021 and April 2022.
And Agarwal said the mission was to achieve a goal of 150 million transacting users by December 2022.
Who are the competitors of Meesho?
- Arbox
- Shopify
- BigCommerce
- WorkArea
- Shopify Plus
- Salesforce Commerce Cloud
- WooCommerce
- Adobe Commerce (Magento Commerce)
Why is Meesho growing
Meesho began with a focus on social commerce, but its direct-to-consumer share has already been increasing, pitting it against big players such as Flipkart and Amazon.
It now gets 75% of its revenue directly from its customers, while the remaining 25% comes from resellers.
Is Gucci in the metaverse
And recently, the brand decided to go even further by conquering the metaverse. After the success of its NFT series in collaboration with Superplastic, Gucci is now offering land in The Sandbox, a game platform considered as one of the first metaverses.
Will Meesho close
Homegrown social commerce company Meesho has reportedly shut down its grocery business in India.
Called Superstore, the service has been closed in more than 90 per cent of cities in India (except Nagpur and Mysuru), resulting in several job losses.
What problem did Pinduoduo solve
The key to Pinduoduo’s success is that it solves the following two contradictions. The first contradiction resolved by Pinduoduo is the solution of the bottleneck between the end of production and the end of circulation in the industrial chain.
Why is Meesho in loss
The social commerce platform earlier laid off more than 200 employees in the first wave of the pandemic.
According to the Inc42 report, “low revenue and a high cash burn was the reason behind the startup’s decision to wind up operations in most of the cities” this time.
Sources
https://www.fortuneindia.com/enterprise/social-commerce-the-meesho-way/105563
https://m.economictimes.com/tech/startups/social-commerce-startup-meesho-shutters-superstore-grocery-business-in-india-300-lose-jobs/articleshow/93812311.cms
https://www.marketingdive.com/news/tiktok-social-commerce-ad-formats/629990/
https://sanfrancisco.startups-list.com/startups/social_commerce
