×
263
Fashion Jobs
CROCS
Associate Demand Planner
Permanent ·
CROCS
HR Manager
Permanent ·
BRIDGING TALENTS
Quality Control Manager ii Retail Fashion Brand ii Jaipur / Bangalore
Permanent · Bengaluru
ALLEGIS GROUP
Opening For Sales Manager - Chennai & Kolkata
Permanent · Chennai
IDFC FIRST BANK
Opening For Area Sales Manager - Corporate Salary Mumbai
Permanent · Mumbai
TAKSHAKA INTERIORS
Req. Production Manager/Executive -Wood Furniture
Permanent · Gurugram
TATA AUTOCOMP
Opening For Production Head at Chinchwad Plant
Permanent · Pune
SKYNET OUTSOURCING SERVICES
Production Manager Api Industries-Bharuch,Ankelshwar Location
Permanent · Bharuch
THE BANYAN HR CONSULTS
Regional Sales Manager For Women's Wear Garments CO For Delhi & Ncr
Permanent · National Capital Region
PEOPLE ALLIANCE WORKFORCE
Quality Manager / Quality Head - Garments Manufacturing Company
Permanent · National Capital Region
NIKE
Senior Technical Product Manager, ed&a – Tpmo
Permanent · Bengaluru
RANDSTAD
Area Sales Manager
Permanent · Gurugram
3F INDUSTRIES
Technologist/Production Manager For Our Amino Acid Plant
Permanent · Chennai
3F INDUSTRIES
Chemical Technologist/Production Manager For Our (Cbg) Plant
Permanent · Chennai
NEWGEN
Sales Manager (South India)
Permanent · Chennai
JOBSGURU CONSULTANT
Production Manager Outsourcing - Mumbai
Permanent · Mumbai
PEOPLE ALLIANCE WORKFORCE
Asst. Manager Quality/Quality Line Officer/qa & qc- Garments Industry
Permanent · National Capital Region
DR LAL PATHLABS
Area Sales Manager : Corporate Sales l dr Lal Pathlabs
Permanent · National Capital Region
TIME TECHNOPLAST
Regional Manager
Permanent · National Capital Region
ADIDAS
sr. Manager Sales Excellence
Permanent · GURUGRAM
RRD
Associate Production Manager
Permanent · Chennai
GOKALDAS EXPORTS
Asst Manager - Production Planning (Apparel / Garment Background)
Permanent · Bengaluru
Published
Jun 2, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Meesho plans to cut costs as growth slows

Published
Jun 2, 2022

E-commerce business Meesho expects a slower pace of growth as big-ticket funding dries up and aims to reduce its monthly cash burn from between $40 million to $45 million at present to $25 million. 

Meesho focuses on the value segment of the market - Meesho- Facebook


Meesho expects its shipment volumes to drop by between 25% and 30% in the coming two financial quarters, the business told at least one of its third-party logistics partners. “There is a readjustment happening,” an anonymous source told the Economic Times referring to shipment volumes. “As one of the largest e-commerce players relying on third-party logistics, they [Meesho] work with us closely and plan things in advance and recently this was discussed.” 

Aiming to capture a significant portion of the market during the upcoming sale season to boost order volume, Meesho has begun its sale preparations already. The business launched cost-cutting initiative ‘Project Unbundle’ in January this year, a plan which had been in development since 2020. This initiative is designed to ‘unbundle’ or cut costs while also cutting services. 

One new feature is that products will be further discounted but are only eligible for returns if they are defective. Meesho has also cut customer acquisition costs, in line with other e-commerce players, and sees cost cutting as the route to enable it to compete with India’s top e-commerce platforms. 

The SoftBank-backed business began as a social commerce startup and entered the consumer-facing e-commerce market in 2021 to compete with giants Amazon and Flipkart. Meesho mainly retails value fashion, accessories, and other fast moving consumer goods.

Copyright © 2023 FashionNetwork.com All rights reserved.