If you seek some earning in selling unutilised clothes, then Meesho is the right platform, which is largely known for reselling. This online shopping portal helps to sell your unused clothes and accessories at the lowest price. Besides, it also sells women, men and kids clothing, home appliances, electronics, cosmetics etc., to a wide range of online shopping customers.
You can either be a customer or supplier while doing business on Meesho. Being a buyer, the person gets access to purchase a variety of products at an affordable rate. A seller should follow certain steps and conditions to enhance a part of Meesho in rendering services.
In the first place, the seller/supplier should create an account in terms to become a business holder on Meesho and also be accountable to pay 1.8% on the selling product as a commission rate.
Meesho is an e-commerce espouses on other social media, created to acquire items at a low rate as well as revolving around the concept of resale of products, which was inaugurated by Vidit Aatrey and Sanjeev Barnwell in 2015.
Here are the steps you can follow to sell products on Meesho.
If you are ready to start a business or sell your product on Meesho, first thing you should do is to Register on the Meesho Supplier Panel, with the help of GSTIN, PAN card and a bank account which are mandatory while creating an account.
Meesho Seller Registration
Once you have created your account, it will ask you to add your GSTIN. After that fill up your pickup address and bank account details.
Once you have successfully registered as a supplier visit Meesho supplier website and login with your email ID and password.
Step 2. List out the products you want to sell on Meesho
If you are looking for more orders, then create 3-4 catalogues. For instance, if you are selling women’s clothing, men’s clothing, and kids clothing then it would be better if you brewed a catalogue and list out the products according to it. You also have to add product size, weight, price etc. You can also add images of your product.
Once you receive an order you’ll get notification via email & on Meesho supplier panel. You just have to pack the product download the label and paste the label on the packaging. Meesho logistics partner will pickup the package from you and will deliver it straight to the customer.
You will receive the payment in your bank account after 15 days of your order delivery. Furthermore, you can also check the payment details on Meesho supplier Dashboard.
How does Meesho earn money?
Meesho App Logo
You can earn from Meesho by selling or reselling your products using social media. You earn your profit, once the product is delivered, you don’t have to worry about the shipping or returning because that will be taken care of by Meesho itself.
Meesho helps the individual by helping them to facilitate through the platform. Meesho charges a commission for every sale from the sellers. The money is charged from the seller who have signed up and retailed the goods through the platform.
They make money by delivering the product, they do the shipping work for the registered sellers and deliver the product to the consumers. Through these operations, Meesho earns a good sum of profit.
Every person wants to do a business, where they aren’t answerable to others and can function with less pressure. Getting a job or starting your own business is not an easy thing.
To start a business you need a good sum of money, that’s the main issue for many with potential ideas. What if we say that you can start a business with zero investment? Yes right, with zero investment. All you need to have is time and product.
Meesho is a platform that helps people to start their own business, where others can’t question you. You can work from and earn a huge profit by selling or reselling products. And you don’t have to worry about the shipment, as it will be taken care of by Meesho. So Register now and ripen up as a businessman.
FAQ
What is Meesho?
Meesho, is an Indian social e-commerce company, that helps individuals to sell their products. It is India’s first reselling online app.
Is product selling on Meesho profitable?
Meesho does not charge any commission from the supplier, you can sell your products on Meesho and earn profit without paying any commission to Meesho.
What are the products you can sell on Meesho?
There is a wide range of products that you can sell on Meesho. Some popular categories are:
Women Ethnic Wears
Western Wear Clothing for Men and Kidswear
Makeups and skincare products
Jewellery
Home Furnishing Products
Kitchen Appliances
Electronics and House Appliances.
What is the revenue of Meesho?
Meesho earned a revenue from sales worth INR 792.8 Cr in FY21.
How to be a Seller on Meesho?
Here are the steps to being a seller on Meesho:
Step 1. Create an account on Meesho Step 2. List out the products you want to sell on Meesho Step 3. Receive orders Step 4. Start Packaging and Shipping your order Step 5. Receive payment for your orders
The way people shop has changed as a result of e-commerce. Almost everyone who aims to grow their business look to do so through e-commerce. But did it ever cross your mind to consider marketing through social media? Meesho introduced that resale concept. It’s the very first to allow users to sell via social media platforms that nearly everybody uses.
Meesho is a social e-commerce firm based in Bangalore, India. It was formed in December 2015 by IIT Delhi graduates Vidit Aatrey and Sanjeev Barnwal. It provides small businesses with a platform where they can sell their items to consumers and resellers who can resale products using social media platforms like Whatsapp, Facebook, and Instagram. It became the first Indian application to be ever funded by Facebook.
Meesho has assisted several such businesses in developing their own identities over the last five years since its launch. This platform allows you to establish your businesses with no money down. So if you’re looking to make a real effective income, we brought you some tips and procedures to market your product on Meesho.
Registering on the Meesho seller panel is simple and quick. Meesho enables small enterprises and self-employed people to create an online business utilizing social media platforms. Meesho allows its users to select products from a variety of vendors and resale them in exchange for a commission. Customers are unaware of this procedure, and users are paid a commission on everything sold through Meesho.
Users are the holder of the company. They may set the selling price as well as the profit margin. Resellers can place orders on behalf of customers once the contract is finalized. Customers will be able to see resellers’ addresses and business names when they receive the order. It displays the address and company name from where the order was placed. As a result, users can name their companies. Meesho users are referred to as resellers rather than sellers or vendors.
The process is very simple for users if they want to register on Meesho and become a seller. The product will be listed and resellers will sell them. The users only need to list the products and the Meesho delivery staff will take care of the rest.
Step by Step Registration Process for Meesho Reseller
Users who have already signed up on Meesho can straight up login to the Meesho seller page. Follow the steps listed below to register as a Meesho seller to establish your own business:
Step 1: Registration and Listing of Products
PAN Card, GST number, and a Business Account are required to register as a Meesho seller. If you are a supplier interested in joining Meesho Seller Panel, go to the official website and fill out the application. You can list your products on the app if you are a seller.
Even if you don’t have a business but want to start one, you can also become a reseller. You just need to choose a catalogue and post it on social media, with product images and information such as size, colour and expected delivery date.
Step 2: Start getting orders
Once the catalogues are available on the application, resellers can share them with their clients via social media sites such as Whatsapp, Facebook, etc., and can start receiving orders instantly. Because of more traffic on social media these days, potential clients are abundant.
Meesho Catalogue
Placing the order on Meesho is a breeze. Add the product to the cart, fill in the customer’s shipping and billing details, and provide the name and phone number of the business that you want the client to see when they get the order.
Step 3: Product Delivery
Meesho sends you an email and also notifies supplier panels when an order is received. Its officials come to pick up orders once it’s been placed. The seller just needs to keep the order packed and ready and not be concerned about order delivery. Their delivery service is extremely secure and orders are received safely and no shipping costs are charged.
Step 4: Payments
Payment options include both online and offline modes. On the 15th day after the order purchased is delivered, payments, including COD orders, are transferred into your account. The payment details are available to see on the Meesho seller panel. Also, if a payment issue arises, Meesho seller assistance assists sellers and resellers to resolve their issues.
Follow the trends. List the products that are trending in the market to get more orders and hence increase revenue.
The more catalogues you upload, the better your chances are of receiving orders. One usually needs 4-5 catalogues to get orders on Meesho.
Set the pricing in such a way that the reseller has ample space to set up their margin. The more margin room there is, the more shares the catalogues will receive.
Try to always use the Next Day order dispatch option which compels suppliers to ship orders the next business day after receiving them. This assists in increasing the number of orders.
You can gain more visibility and attract more customers by creating sponsored ads on Meesho.
What Makes Meesho a Sellers’ Favourite Choice?
Low Commission Rate
With less than 1.8 percent, Meesho maintains the lowest commission in the entire industry. Sellers are also advised on what to sell and at what rates.
All-encompassing Hub
Meesho is an ideal space for small to medium-sized businesses, both branded and unbranded sellers looking to boost earnings offer better costs to resellers.
Easy to Operate
Meesho makes listing products very simple, with fast and secure transactions and no shipping charges.
What Makes Meesho Unique?
Meesho pioneered the notion of social media-based marketing, which is what makes it different from other platforms. There are over one crore resellers on the “Meesho Seller Panel”. Meesho has well-known clothes, home, kitchen, and other lifestyle accessories catalogues.
Conclusion
Meesho is a perfect platform for small enterprises and individuals to open their shops and perhaps earn good money. This is a platform that allows people to earn money very easily from the comfort of their homes. It is the first-ever startup distribution channel in India to receive funding from Facebook and this in itself makes it one of a kind and a trustworthy place.
FAQs
How do I promote my products on Meesho?
You can advertise your products on Meesho by running ad campaigns on the app.
Is selling on Meesho profitable?
Yes, selling on Meesho is profitable as the platform charges 0% commission and delivery is handled by the company itself.
Can I sell my product on Meesho?
Yes, anyone can sell their products in Meesho, just select the product you want to sell from the Meesho catalogue and start selling by sharing the product on your WhatsApp or social media platforms.
A Startup is the result of an innovative idea getting sculpted, that have the capacity to transform the world. The term Startup has been in limelight over the past decade due to their rapid growth recorded around the world. The global Startup Ecosystem has surpassed $3 trillion which is larger than the GDP of UK. In India, 41,061 Startups have been recognized by government as of December 2020. Such an enormous growth has pushed India to top 3 in the Startup Ecosystem table lead by US and China.
For a Startup to sprout, mere ideas and business knowledge won’t do good. They need funding. This is where the Venture capitalist, Private equity investors and others pop-up. Facebook is one such investor, who selects innovative Startups through their Facebook Accelerator Programme, and offer financial support and guidance to them. They have so far made 38 Investments and 90 acquisitions in diverse Startups and businesses.
In this article, we’ll see 10 of such Startups, that received funding from Facebook out of which, some are showing great potential towards reaching the Unicorn Club.
Factory_OS, a housing development and modular home company, has raised $77.7 million from 6 investors including Facebook and Google. Factory_OS deploys viable and pioneering tech with optimized manufacturing systems to construct multistorey buildings at efficient costs and effort. Keeping up with the growing demand of housing, Factory_OS is focusing on building more affordable homes, and simultaneously developing technology for utmost optimized solutions. Besides off-site construction, Factory_OS has also partnered with Autodesk for ‘Digitizing Volumetric Design’ for efficient delivery, manufacturing, and construction.
Gojek
Facebook startup funding in Gojek
Gojek is an online multi-service provider who deals in digital payments, food delivery, commuting, shopping and many more. They offer almost two dozen services and serves more than 170 million customers around Southeast Asia. Gojek provides all their services from one application and hence it became a Super App. They showed great potential in their growth in Indonesia, where it was originally established in 2010. As a result, Gojek succeeded in procuring a huge sum of $5.3B from big investors like Facebook, PayPal, Visa and 31 others in 12 funding rounds. They have made 13 acquisitions and investments so far in their line of business.
Tech Matters, an innovative and non-profit IT and Services company, has raised $1.7 million in its seed round, and is funded by 4 investors including Working Capital and Facebook. Tech Matters aims to develop AI and data driven cloud-based products for startups and innovative organizations, as well as Machine Learning models to predict outcomes with internal and external datasets. It also designs interactive custom bots to keep their customers and stakeholders engaged, while also answering FAQs. Tech Matters deploys data to create immersive experience and experimental designs, hence solving some complex business problems.
Nilus
Facebook startup funding in Nilus
Nilus, a social enterprise that employs crowdsourcing and AI for creating affordable food markets, has raised $1.5 million from 9 investors including the like of Facebook, Google, and Angel Ventures. Nilus aims to fight the dearth of food to low income people through technology and efficiency, and become the first private firm to come up with a viable solution. Nilus focuses on helping the vulnerable communities with food shortage with professionalism, while also keeping in mind the nutritional quality of the food and an optimized way to prepare and deliver it. The services carried out by Nilus are with utmost transparency and efficiency to conserve resources as well.
Com Olho builds scalable AI solutions for enterprises, and has recently secured a strategic investment by Facebook and Lloyd Mathias in the grant and angel rounds respectively. It is also India’s first company to win the patent for fraud detection advertisement, and works for both, fraud as well as identity theft detection. Com Olho is also working towards helping making high dimensional data more viable among enterprises using machine learning models and uses programmatic attribution manipulation for fraud detection. It also offers various resources including informative blogs for general awareness against frauds and identity thefts.
ArtyOwl
facebook startup funding in ArtyOwl
ArtyOwl is a unique marketplace and an E-commerce store for handmade products, and has raised $100K in the grant round from Facebook in December of 2020. Be it personal care, home decor, food, or even fashion, ArtyOwl offers many different niche of home made products for users and customers to try something more custom and sometimes traditional. ArtyOwl endeavors to revolutionize handcrafted products and trade, so artisans and craftsmen can share their works with the world, and showcase their dexterity. With ArtyOwl, customers also enjoy a simple, convenient and secure shopping experience with an exceptional bouquet of handcrafted items.
Meesho
facebook startup funding in Meesho
Meesho is an e-commerce company rooted in Bengaluru and is growing its branches across India rapidly. Meesho is an online re-selling company has created more entrepreneurs in recent years, out of which 80% turn out to be women homemakers. This was the reason for their success and popularity in our country. In 2016, Meesho was selected for Y Combinator, and it was one among the three Indian companies to achieve this feet. Facebook’s first investment in India was made in Meesho. They raised $1.1B through 10 rounds of funding from 32 investors. In September 2021, Meesho raised a whopping $517M through Series F funding where Facebook and Good Capital were the recent ones to invest.
Unacademy is the second EdTech company in India to enter the Unicorn Club next to BYJU’S. They secured $838 million investment from 42 investors of which Facebook was also a part of, and have made 10 acquisitions in the past 2 years. Unacademy is an online educational platform that deals in diverse areas of learning. They offer online courses, live classes, practice session, tests, etc., for all the competitive and professional exams in India. They have grown to be the most popular online learning platform among Indian learners.
facebook startup funding in FEMCA Financial Services
FEMCA Financial Services was created with a unique objective of helping the investors and traders with investment research reports, containing the ranks of investment advisors based on their win-to-loss ratio. They also provide their expired reports to students and investors for auditing, in order to gain their authenticity. Facebook and Tanmaya Sharma are the two lead investors of FEMCA who had invested $15K in the company for its further development.
Hello Heart
facebook startup funding in Hello Heart
Hello Heart is a cutting-edge clinical-based smartphone solution and healthcare company that fixates on improving hearth health of the masses. It is part of the diversity investment of Facebook, and has raised a total of $23.2 million in funding from 22 investors Arba Ventures and Franklin Trust. Hello heart offers clinically approved smartphone based solutions that help manage hypertension, and fight heart diseases. It can also be integrated with your existing health plan and work with your PCPs and cardiologists while also offering a peer reviewed assistance and unmatched effectiveness for employers, individuals, and health plans.
HelpMum is a social enterprise that works to prevent infant and maternal mortality rate in Nigeria. It was created by Dr Adereni Abiodun, a social entrepreneur and innovator, in 2017. They create awareness among pregnant women on safe and hygienic delivery by issuing affordable birth kits and educate birth attendants through their e-learning platform.
They participated in the race for Facebook’s accelerator programme in 2020, along with 77 participants and got selected as one among the four Startups for an additional funding of $25,000. They’ve so far acquired $410K of funding from seven investors out of which, Google made $270,000 investment in them.
EchoAR
facebook startup funding in EchoAR
EchoAR, also known as Echo3D is a cloud platform, that offers tools and infrastructure facilities to developers and companies to create games, apps and contents in 3D, augmented and virtual reality (AR/VR). Their main objective is to provide a readymade platform for creators to develop and publish their own content (3D/AR/VR) without the need for technical knowledge or a developing team. With Facebook’s recent investment on Oct 5, 2021, EchoAR managed to procure $5 million seed capital from 12 investors including Remagine Ventures and Space Capital.
Obviously AI
facebook startup funding in Obviously AI
Obviously AI is a tool that helps its clients to build their own business learning models. Users don’t require any coding knowledge to create their model and the output can be easily integrated to their database. A new technology called “Edge Sharp AutoML” was developed by Obviously AI, which helps the users to build new models within a minute. Using this technology, they claim to have saved 13.8 million hours for their customers. They bagged $3.6M as seed capital from Facebook and other investors and further added $1.1M to their capital recently to expand their operations in eastern countries like Japan.
Utiva
facebook startup funding in Utiva
Utiva is another Nigerian company that became one of the four Startups to win Facebook Community Accelerator Program’s fund of $25K. It is an EdTech company that involves educating technology for people across Africa. They provide online virtual classes on Data analysis, tech skill development, digital marketing and many more with expert trainers.
JobSenz
facebook startup funding in Jobsenz
JobSenz is an online job searching platform which is based in Singapore. They also sell learning materials to students on their platform that are provided by experienced educators and institutes. JobSenz received $40K from FbStart programme to expand its business in India, Sri Lanka and Bangladesh. Also, they would receive guidance and mentoring from Facebook’s technical and engineering team as a part of this programme.
Facebook has been in the funding and venture investment niche for about a decade now, and continually seems to invest in innovative startups through its accelerator program. While it has already made 35 venture investments, the most recent being in January of 2021, also acquiring 89 organizations along the way, it has been hiring tech investors to lead an investment fund, suggesting there are yet more startups that Facebook is eyeing to invest in. Hence, it is safe to assume that in the near future, the startup ecosystem is bound to evolve, and be nurtured by tech giants and venture investment firms.
FAQs
Does Facebook invest in startups?
Facebook always looks towards investment opportunities in early-stage startups. They focus on backing potential startups with innovative models for growth not only in India, but globally.
What is the Facebook Accelerator program?
The Facebook accelerator program provides mentorship from Facebook employees, training on Facebook’s approach to products and businesses, and access to a global network of startup peers, successful founders, and industry experts.
What are the startups funded by Facebook accelerator programs?
Some of the top startups that are funded by facebook are:
Sushree Sangeeta Behera
