Meesho taps micro-entrepreneurs to plug gaps in India’s supply chain network

India is one of the fastest growing economies, yet its supply chain system remains antiquated, operating much as it did decades ago. The logistics sector is highly fragmented, with a majority of small, regional operators lacking scale and efficiency. Regional truckers still rely on brokers and word-of-mouth to secure cargo, while severe truck shortages in … Read more

Fidelity cuts Meta-backed Meesho valuation to $3.5 billion

Fidelity has cut the value of its holding in Meesho by 33.6% since the original investment, giving the Indian social commerce startup a valuation of $3.5 billion, adjusted for outstanding shares. The U.S. asset manager valued its holding in Meesho at $27.8 million at December’s end, down from the $41.9 million that it invested in … Read more

WestBridge seeks to buy stake in India’s Meesho

WestBridge Capital is in advanced stages of talks to purchase shares of Meesho in the secondary market, according to two people familiar with the matter, as the high-profile venture firm looks to broaden its bet on e-commerce. The investment firm, with a two-decade history of focusing on startups in India and Southeast Asia, is engaging … Read more