Meesho

Meesho is set to launch a $1 billion IPO, with Morgan Stanley, Kotak Mahindra Capital, and Citi as lead bankers targeting a $10 Bn valuation.

Vidit Aatrey remarked that while quick commerce has achieved a product-market fit in India, its appeal remains restricted to a specific consumer base.

Meesho falls victim to a Rs 5 crore fraud scheme orchestrated by fake sellers. They strategically placed orders using bogus customer accounts on the platform.

A journalist reported Meesho and Flipkart selling T-shirts glorifying criminal Lawrence Bisnoi. Immediately, the e-commerce platforms received backlash from netizens.

Byju’s, once valued at $22 billion, is now deemed worthless by HSBC. Other Indian startups also saw drastic valuation drops in HSBC's report.