Meesho Terminates Its Part of Business in India. Developing virtual e-commerce environment Meesho terminates its Superstore in India. In most of the Cities in the nation, Meesho shut down the Superstore that is Meesho Superstore in more than 90 percent of regions of the country reportedly shut down. To know more details stay tuned with us.
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Inc42 report says, “Low revenue and a high cash burn was the reason behind the startup’s decision to wind up operations in most of the cities”. Except Nagpur and Mysuru Meesho Superstores the organization shut down its grocery business in most of the places in India including the metro cities.
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Meesho CEO reports that, “What started as a pilot in Karnataka is now seeing positive traction across six states. Driven by our user-first mindset, the integration will provide millions of Meesho users a unified shopping experience, while giving us an opportunity to drive stronger synergies across areas such as customer acquisition, technology and product and talent”.
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