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Prosus raises stake in Meesho to 14% in FY22; hails its B2C strategy shift

Global venture capital firm Prosus NV now owns 14 per cent of Indian ecommerce platform Meesho, after investing $162 million in the company over two years. Meesho is also backed by Facebook and SoftBank Vision Fund

Softbank vision fundFidelity management research companyB capital groupFidelity managementResearch companyProsus venturesFootpath venturesTrifecta capitalGlobal venture capital firmNdian ecommerce platform meesho

The List Of 23 Indian Ecommerce Unicorns

Of the total 23 ecommerce unicorns in India, the most number i.e. 12 startups entered the club in 2021 alone. Here's the list..

Nova scotiaAndhra pradeshAbu dhabiAbuz abyUnited arab emiratesWest bengalTamil naduGajendra jangidKunal shahVidit aatreyVasant sridharRadhika aggarwalAbhay hanjuraVijay shekhar sharmaManish tanejaFalguni nayar

Meesho fires 150 employees from its grocery business

The start-up ecosystem is currently witnessing a wave of layoffs with cost restructuring exercises underway after a funding boom last year.

Madhya pradeshAndhra pradeshSoftbank vision fundFidelity management research companyB capital groupMeesho superstoreFidelity managementResearch companyProsus venturesFootpath venturesTrifecta capitalGood capitalMeesho lay offMeesho superstoreEesho groecriesEesho hiring

Meesho Layoffs: 150 Employees Fired By SoftBank-Backed Unicorn

Another unicorn is going through layoffs as Meesho has fired 150 employees in a restructuring of its grocery delivery service

Madhya pradeshAndhra pradeshSanjeev barnwalVidit aatreyB capital groupMeesho superstoreProsus venturesShunwei capitalVenture highway knollwood investmentFidelity managementFootpath venturesTrifecta capital

Weekly rundown: Mamaearth, GlobalBees turn unicorns as India s big start-up year draws to a close

As per data sourced from Venture Intelligence, new-age digital start-ups bagged a record $32.8 billion investments in 2021, as of December 17.

New zealand generalNew zealandUnited statesAnanth narayananSymphony international holdingsQatar investment authorityGoldman sachsDerma coSoftbank corpSequoia capitalHurun researchB capital groupBank backed globalbeesSteadview capitalMensa brandsVenture intelligence

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