Meesho: Meesho’s valuation cut 10% to $4.4 billion – Times of India

[ad_1] NEW DELHI: Meesho has become the latest Indian startup to have its valuation marked down by its investors. US-based Fidelity Investments has cut the Bengaluru-based e-commerce firm’s valuation by about 10% to $4.4 billion, recent regulatory filings with the US SEC showed.Fidelity had co-led Meesho’s $570-million funding round along with B Capital in September … Read more

E-commerce firms delist 13,000 seat belt alarm stopper clips after CCPA orders – Times of India

[ad_1] NEW DELHI: Five major e-commerce platforms — Amazon, Flipkart, Meesho, Snapdeal and Shopclues — have delisted 13,118 seatbelt alarm clips after the Central Consumer Protection Authority (CCPA) passed orders to stop their sale. The CCPA said the clips violate Consumer Protection Act and compromise the lives of car passengers.A maximum of 8,095 such alarm … Read more

Meesho Employee Gets Fraud Text From Pseudo CEO; Flags New Startup Scam

[ad_1] New Delhi: A Meesho employee Shikhar Saxena in a recent tweet has highlighted the new way of phishing by scammers in which they are trying to cheat people by pretending to be the CEO of the company. He shared the screenshot showing the message he got on the personal WhatsApp account from under disguise of … Read more