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Meesho shuts superstore grocery business in most Indian cities; 300 lose jobs
source link: https://nextbigwhat.com/meesho-shuts-superstore-grocery-business-in-most-indian-cities-300-lose-jobs/
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- Homegrown social commerce platform Meesho has reportedly shut down its grocery business called Superstore in more than 90 per cent of cities in India.
- Nearly 300 employees have lost jobs after the shuttering of Meesho Superstore. Low revenue and a high cash burn was the reason behind the startup’s decision to wind up operations in most of the cities.
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