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Meesho to Expand Tech Team

Meesho to Expand Tech Team

Meesho, the digital commerce platform, is set to expand its technology team by at least 450. By the end of 2021, it already had a 325-strong team in place. It is now looking at increasing its tech headcount to at least 750.

 

The Company witnessed extraordinary growth last year and was able to double the size of its team. Its overall team strength is over 1,700 employees, and this year, it is expected to grow by at least 1,500.

 

Meesho’s technology team comprises two main divisions — engineering and data science.

 

The company follows the asset-light approach, and is essentially a technology-based business. As a result, it does not have warehouses, does not maintain an inventory, and has no logistics division either.

 

In 2021, it raised funds to the tune of $570 million from various investors, such as Fidelity Management & Research Company, B Capital Group, Prosus Ventures, SoftBank Vision Fund 2 and Facebook thereby doublingits valuation to $4.9 billion.

 

At 14.5 MB, the Meesho app is probably the lightest e-commerce app, since it caters to the lower middle class and its users primarily belong to smaller towns and cities.

 

Not too long ago, the e-commerce firm was in the news for its ‘gender confirmation’ leave policy, wherein its employees can avail up to a month’s paid leave for gender reassignment surgery or other relevant medical procedures, if they so desire.

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