Meesho empowers over 1.3 lakh small businesses from Uttar Pradesh, making hundreds crorepatis and lakhpatis
- In 2022, there was a 77% increase in suppliers onboarded from the state, of which ~73% started their e-commerce journey with Meesho
- More than 14,000 sellers from the state became lakhpatis and nearly 700 sellers became crorepatis
- Meesho recently became India’s fastest e-commerce company to cross the 1 million seller milestone, a feat it achieved in less than 8 years
Meesho, India’s only true e-commerce marketplace, announced that more than 130,000 small businesses from the state of Uttar Pradesh are now registered on the platform.
An increasing number of MSMEs from Uttar Pradesh have joined Meesho in the last couple of years as a result of the company’s industry-first initiatives such as zero commision. In 2022, the platform recorded a 77% increase in suppliers onboarded from the state, of which ~73% started their e-commerce journey with Meesho. Additionally, nearly 700 sellers from Uttar Pradesh became crorepatis while more than 130,000 sellers have become lakhpatis so far.
The top categories preferred by suppliers in the region include Women’s Apparel, Kidswear, Home & Kitchen, Consumer Electronics, Personal Care & Beauty.
Since its inception, Meesho has played a vital role in supporting and enabling Small & Medium Businesses (SMBs) across the country, especially those from tier 2 and tier 3 cities. In fact, nearly 50% of all Meesho sellers hail from tier 2+ cities such as Amritsar, Rajkot, Hubli, Kozhikode, Jamshedpur and Tiruppur. Meesho also recently became the fastest e-commerce company in India to cross the 1 million seller milestone, amassing this formidable seller base within just eight years of inception. Out of the total 1.1 million sellers on the platform, more than 80% of them are new-to-ecommerce and selling online for the first time.
On its mission to democratise internet commerce for everyone, Meesho has been instrumental in digitising small businesses, allowing them to tap a much larger market. It is India’s only true e-commerce marketplace with an asset-lite business model that provides:
- 0% seller commission – Sellers on Meesho saved Rs. 3,700 crores in commissions in 2022
- No tiering and differentiation of sellers, ensuring absolute fair play and equal opportunities for everyone
- No private labels competing with our sellers, no inventory-led play. On an average, sellers on Meesho have seen their business grow by 82% in two years.
- An integrated e-commerce app (one app for both sellers and consumers) on Google Play Store, the lightest in India at 13.6 MB
Commenting on this growth, Sourabh Pandey , Director Fulfilment & Experience at Meesho, said, “It’s inspiring to see over 1.3 lakh MSMEs from the state of Uttar Pradesh witnessing tremendous growth on Meesho, with hundreds achieving the status of crorepatis and lakhpatis. Our commitment to empowering entrepreneurs through initiatives like zero commissions, and uncomplicated business operations has resulted in a tangible and positive impact on their businesses. This success story is a testament to the transformative power of e-commerce in uplifting businesses and livelihoods, and we are honoured to be part of this journey along with our sellers.”
Lucknow-based Sandeep and Rishi Singh, who sell jewellery on Meesho, added, “Joining Meesho was a game-changer for our business. The platform provided us with the right tools and exposure to a vast customer base, which resulted in substantial sales growth. We want to thank Meesho for the unwavering support offered to us throughout our entrepreneurial journey.”
In 2022, Meesho recorded 140 million annual transacting users on its platform – a sizable portion of India’s internet population. Access to Meesho’s large and diverse user base, state-of-the-art tech and low-cost pan-India shipping through third-party logistics providers has helped sellers log 3X growth in average revenue. With 1.1 million sellers and ~100 million active product listings across 30+ categories, Meesho is fueling discoverability of a wide assortment of products at the lowest prices for customers across the country.