 "Meesho order volume more than doubles to 91 cr, onboards 5 lakh suppliers")
Softbank backed e-commerce firm Meesho recorded over 100 per cent jump in order volume to 91 crore in 2022, the company said on Wednesday.
The company onboarded around 5 lakh suppliers in 2022 of which 61 per cent were new to e-commerce and selling online for the first time, Meesho said in a statement.
As per data shared by Meesho, its sellers were able to save Rs 3,700 crore in commissions in 2022 under the company's zero commission model.
"From Mumbai to Mirzapur, a record 91 crore orders were placed this year, up 135 per cent year-over-year, equalling India's registered voter base in the 2019 Lok Sabha polls," the company said.
Nearly 130,000 Meesho sellers did sales of over lakh and 6,000 crossed business of over Rs 1 crore in 2022, with Rajasthan and Uttar Pradesh leading the charge.
According to market research firm Redseer Strategic Consulting, Meesho pipped Amazon to become the second-largest contributor in order volume during the first week of last festive season sale which started on September 23.
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The e-commerce firm recorded sales of 148 sarees per minute and on an average 93,000 T-shirts, 51,725 bluetooth earphones and 21,662 lipsticks every day during the year.
Meesho found Sunday was the most preferred day to shop, while 8 PM every day was shopping prime time during the year.