The company has raised the funds at over a valuation of $1 billion, as per an official announcement.
The deal values the company at $1 billion, helping it become the first prop-tech unicorn in India. NoBroker has raised $361 million so far.
This start-up is known as Thaely and was developed by Ashay Bhave to produce ethically developed sneakers that use components recycled from waste materials.
Meesho had 209,000 users and 1.2 million orders per month in February 2019 and 563,000 users and 3.1 million orders per month in March 2020
Good Glamm Group will use the latest funding to invest in product development, support data science and technology research, increase offline expansion, and fund working capital requirements.
These ESOPs are aimed at giving employees high ownership while also providing them with opportunities for wealth creation, according to Meesho founder and CEO Vidit Aatrey.
ACKO claims to be one of India's first digital-native insurers and has pioneered the direct-to-consumer auto insurance space in the country.
According to this report, economies like the UK, China and Hong Kong, and Canada are much behind India in terms of adding new unicorns.
The 12-point program introduced by Urban Company after protests by partners has been received well and it has been flooded by 'thank you' messages, says CEO and co-founder Abhiraj Bhal.
The announcement comes after the company's successful fund-raising rounds worth $700 million this year at a $3.5 billion valuation , which also included a $100 million pre-IPO placement.
The company earlier released detailed data on the earnings of its delivery partners and denied allegations that surfaced on social media saying that some executives made a meagre Rs 67 for four orders during the day.
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