This article will discuss about Vidit Aatrey Net Worth and his and his partner(Sanjeev Barnwal) – The Co-Founder of Meesho’s Journey towards becoming a successful Entrepreneurs and founders of India’s largest reselling platform.
Meesho is an online reseller and India’s largest social commerce platform which has been founded by Vidit Aatrey and Sanjeev Barnwal in December, 2015. Vidit and Sanjeev are graduates of IIT Delhi and the business is based out of Bangalore, Karnataka, India. Meesho app allows its users to choose any products from a broad range of categories and sell it on any social platform.
The users can also sell their own products or choose to resell other products that are listed on the app.
The payments are secure and the shipping is all done by Meesho. So, it makes it super easy for its users to deal with the online selling. As quoted by its tagline “Not Just a homemaker, a Meesho Entrepreneur”, it reached the 100 million monthly transactions in 2022.
Vidit Aatrey Net Worth | Personal Life | Wife | Awards
Name : Vidit Aatrey
Birth Place : Bengaluru
Nationality : Nationality
Qualification Education : B.Tech from Indian Institute of Technology Delhi
Spouse : Minu Margeret
Currently staying : Bengaluru, Karnataka
Vidit Aatrey Net worth (approximately): $50 Million
Vidit Aatrey was 1991 and married to Minu Margaret. Vidit Aatrey Net Worth is Estimated to be $50 Million. Vidit has been awarded Fortune 40 Under 40 in the year 2021. He also received Forbes 30 Under 30 in 2018 and Entrepreneur 35 Under 35 in the year 2019.
Sanjeev Barnwal was born in Hazaribagh, Jharkhand, India.
Vidit Aatrey: Founder and CEO
Vidit is the Founder and CEO of this Bangalore-Based startup Meesho. He was born in 1991 and is an alumni of IIT Delhi. Prior to starting Meesho Vidit worked for ITC as a Supply Chain Manager and Inmobi as a Senior associate in Global Strategy and Operations.
Vidit has been appointed as Director on the board of the company named “Navi Technologies” which deals with financial products and services firm. Sachin Bansal was the co-founder of Navi Technologies who also co-founded Flipkart.
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Sanjeev Barnwal: Co-Founder and CTO
Sanjeev Barnwal is also an Alumni of IIT Delhi (2012) and he has worked in Japan with Sony. He was a part of the core team for developing digital single-lens reflex camera and cybershop cameras. Sanjeev is a person who loves technology and received Forbes under 30 award in India and Asia.
After these batchmates graduated from IIT, DELHI they founded the on-demand marketplace or as they call it a “Swiggy for Fashion”. Although, the startup couldn’t succeed but they got the key insight in this process – Many small businesses were selling their clothes online but not using their websites for it. Neither they were listed on any market places such as Amazon and Flipkart. Instead they were using social media to promote their product.
As per Vidit, Facebook and WhatsApp lack the ecommerce feature. Sending a separate notification of every new product was not possible on WhatsApp. Additionally, the payments weren’t possible on these apps. Hence, Meesho came into picture in December, 2015 which is also the short form of “Meri Shop” to make the life of sellers convenient using the online platform.
Who are the investors of Meesho?
Meesho got funding of $1,80,000 from an Angel Investor, Venture Highway Rajul Garg and few other people. Meesho received $3.4 Million in Series A round from SAIF Partners. It also received $25 Million funding from Facebook in June, 2019.
Latest News of Meesho
Meesho announced a 11 day company-wide break from 22nd October till 1st October keeping the burnout and anxiety issues of employees. They applied the the strategy of ‘Reset and Recharge’ to improve the mental health of their employees which they consider to be of the utmost importance. This is one of the important things that the employers need to implement. They created a people-centric environment in their company.
Meesho is competing with Amazon and Flipkart and keeping their competition in mind they announced a sale on 23rd September last year and the expectation was to get most of the sales from rural India. the sale was named as ‘Mega Blockbuster Sale’.
It also has plans to start ventures in Hyderabad and has promised to work with Telangana Government in Tier 2 Cities of the state.
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Conclusion
The journey of Vidit Aatrey and Sanjeev Barnwal must have inspired you to become one of the business giants in the nation. India is growing everyday and the potential of earning and becoming an entrepreneur may not be easy but definitely worth giving a try!
Meesho FAQs
1. What is Meesho net worth?
Vidit Aatrey Net Worth is Estimated to be $50 Million.
2. Who is the CEO of Meesho?
Vidit Aatrey is the Founder and CEO of Meesho.
3. When did Meesho start?
Meesho Started on 13 August 2015.
4. Is Meesho bigger than Flipkart?
No, Flipkart has been rated higher than Meesho in terms of work-life balance, skill development, job security, compensation and benefits, company culture and work satisfaction.
5. Is Meesho available in USA?
As per the data, Meesho is not available in USA yet but you can shop and order on the Meesho app and it will deliver the orders on your address in USA.
6. What is the full name of Meesho?
Meesho’s is a short form of ‘Meri shop’ which is founded by Vidit Aatrey and sanjeev Barnwal in 2015.
7. What is sold most on Meesho?
148 sarees per minute, 93,000 T-shirts, 51,725 Bluetooth earphones and 21,662 lipsticks everyday. This data represents the hot selling items in 2022. additionally, Meesho received orders worth 91 crores this year which is 135 percent more than the previous year.
8. Is Meesho only for India?
Yes, Meesho is an online platform available only in India that allows the sellers and resellers to sell across all the social platforms.
9. How many people sell on Meesho?
Meesho has currently 4,00,000 sellers across India which is a part of 100 Million vision.
10. Who are the investors of Meesho?
The investors list of Meesho includes Global Venture Capital Firm Prosus NV who owns 14 percent of the company, after investing $162 Million in the company for two years. Meesho has also received investment from Facebook and SoftBank Vision Fund.
11. Is Meesho a unicorn?
Meesho is the 4th unicorn to join the run.
