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Top related persons:
Dado Ruvic - 1 Meesho - 1 Japan's SoftBank - 1 Dhiresh Bansal - 1 Bansal - 1 Vidit Aatrey - 1 Sanjeev Barnwal - 1 Meesho's - 1
Top related locs:
Bengaluru
Top related orgs:
REUTERS - 1 Amazon - 1 Meesho - 1 Indian Institute of Technology - 1 Vidit - 1 Thomson - 1

Search resuls for: "Vidit"


2 mentions found


☆ Indian e-commerce startup Meesho posts first-ever profit, plans IPO in 12-18 months
  + stars: | 2023-08-07 | by ( Munsif Vengattil | Thomson Reuters | Munsif Vengattil Is A Reuters' India Technology Correspondent | ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/IllustrationBENGALURU, Aug 7 (Reuters) - Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 months, a senior company executive said in an interview. An initial public offering (IPO) is now being planned in the next 12-18 months, Bansal added. Meesho, which was founded by Indian Institute of Technology graduates Vidit Aatrey and Sanjeev Barnwal, clocked more than 1 billion orders in the last 12 months. Many Indian startups have fired thousands of employees and cut costs aggressively in recent months. Last week, Indian food delivery giant Zomato (ZOMT.NS) also posted its first-ever profit.
Persons: Dado Ruvic, Meesho, Japan's SoftBank, Dhiresh Bansal, Bansal, Vidit Aatrey, Sanjeev Barnwal, Meesho's, Munsif, Aditya Kalra Organizations: REUTERS, Amazon, Meesho, Reuters, Indian Institute of Technology, Vidit, Thomson Locations: Bengaluru
☆ A former exec from Stripe and Uber is 'OK to give up 100x growth' to build a new business that will last
  + stars: | 2022-12-28 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +6 min
GajiGesa's Vidit Agrawal wanted to provide workers access to their wages as they earn it, between traditional end-of-month pay cycles. I'm OK to give up the 100% growth or 100x growth a year if I can build a revenue-based, sustainable business. Vidit Agrawal Co-founder, GajiGesa"I'm OK to give up the 100% growth or 100x growth a year if I can build a revenue-based, sustainable business," said Agrawal. Vidit Agrawal Co-founder, GajiGesaThey were already cutting costs for the first two operating years despite having $9 million in the bank, he said. Investors include January Capital, Northstar Group, European earned wage access company Wagestream and Next Billion Ventures.
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