Behind Meesho’s reset; SVB hit Indian startups moved funds to Gift City, other countries

Until early in 2022, ecommerce startup Meesho was burning around $40 million a month in cash as it took on bigger rivals Amazon India and Walmart-owned Flipkart. As the etailer cuts its spends, growth has slowed down. Today we take a closer look at the company’s numbers and analyse its strategy.

from Tech-Economic Times
via IFTTT