News Update

Meesho The Top-Ranked App On Google Play Store India


Meesho, which became India’s first social commerce unicorn in April after raising a $300 million round from SoftBank, has climbed to the top of app charts. It ranked No.1 across categories on Google Play Store India, going past usual suspects like Instagram, WhatsApp, Snapchat, Facebook, and other social media apps. Meesho (which stands for ‘Meri Shop’) has crossed over 50 million downloads on Android. The Facebook-backed startup has grown phenomenally in the last year as the pandemic forced more people to stay home and order online. It crossed monthly orders of 20 million in March 2021, up over 6X from three million in March 2020.

Meesho Co-founder and CEO Vidit Aatrey said in a tweet, “Today, Meesho has 13M+ women entrepreneurs who have sold products to 50M consumers (3 percent of India’s population) from 100K+ suppliers, across 4,800+ cities/towns. Our monthly transacting entrepreneurs have grown 10X over last 12 months.”

Meesho The Top-Ranked App On Google Play Store featured image

Besides SoftBank, the round also saw participation from Meesho’s existing investors, including Prosus Ventures, Facebook, Shunwei Capital, Venture Highway, and Knollwood Investment. Aviral Bhatnagar, a VC at Venture Highway, tweeted about Meesho’s new app ranking.It competes with the likes of DealShare, Glowroad, Shop101, Mall91, Bulbul, and others, in the rapidly growing social commerce space.

 

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