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Meesho records 5.35 million orders in its ‘Maha Indian Savings Sale’ on June 5 

Ecommerce platform Meesho recorded 5.35 million orders during its one-day sale event ‘Maha Indian Savings Sale’ on June 5. According to a release shared by the company, sales grew 428 percent over last year when it registered one million orders on June 6, 2021, the company said. 

Of the one lakh sellers that participated in the event, around 75 percent were from Tier II regions and beyond, including Bathinda, Haldwani, Solapur, and Tirunelveli, among others. During the sale event, the participating sellers’ sales were 217 percent more compared to business-as-usual, the statement added. 

“In the last six months, we have witnessed a 3.75X jump in seller participation in sale events. We will continue to fuel the discoverability of hyperlocal businesses and products, make ecommerce accessible to customers from all corners of the country, and innovate to become the preferred ecommerce destination for the next billion users in the country,” said Utkrishta Kumar, CXO of Business, Meesho. 

Meesho’s app downloads surged nearly five times on a yearly basis to over 102 million in the fourth quarter of financial year 2022.

ICICI Bank partners with ZestMoney to expand its ‘Cardless EMI’ facility

ICICI Bank on Thursday said it has partnered with pay-later fintech ZestMoney to expand its ‘Cardless EMI’ facility for purchases at retail and ecommerce platforms. 

The partnership will allow bank’s customers to use pre-approved cardless credit to instantly buy products/ services using ZestMoney and take care of the cost into Equated Monthly Instalments (EMIs). 

Customers can convert transactions up to Rs 10 lakh into EMIs by putting their registered mobile number, PAN, and OTP (received on registered mobile number) at the check-out of the ecommerce website/app or at the PoS machine in retail outlets, without using cards.  

The bank can leverage ZestMoney’s wide merchant base and ‘Pay-in-3’ offering, where they can split the bill into three EMIs without extra cost. ICICI Bank’s pre-approved customers can avail of the facility for brands like Xiaomi, OnePlus, Sugar, Mamaearth, Decathlon, Boat, Yatra, Urban Ladder, Vijay Sales, and Titan Eye Plus, among others. 

Former ZestMoney VP Prashant Bhadauria joins Klub as Senior Vice President

Revenue-based financing platform Klub has appointed Prashant Bhadauria as Senior Vice President – Technology, Product, and Data. In his role, he would be responsible for leading its team of engineers and product managers in evolving and expanding its technology solutions. Klub is expected to grow its technology and product team by 100 percent in the next six months.

Prashant was previously ZestMoney’s Vice President of Engineering and led a 200-member hybrid product engineering team.

“As we enter the next phase of our journey, we are excited to have Prashant join us. His experience and expertise will help us expand our full-stack embedded capital platform solutions to complement support for digital enterprises across India. With him on board, we are confident that we will be able to bring in new lines of products and upgrade our current offerings to create a 360-degree capital platform for digital SMEs,” said Anurakt Jain, Co-founder and CEO at Klub.

ElectricPe appoints Rohit Agarwal as CTO

Electric Vehicle charging platform ElectricPe has appointed Rohit Agarwal as its Chief Technology Officer. He will lead the product tech strategy and development of the company as it aims to scale the public charging infrastructure network on its platform to 100,000 points by the end of this year.

Avinash Sharma, Co-founder & CEO, ElectricPe, said, “We are delighted to have Rohit on board as we continue to build the largest consumer focussed EV public charging and demand generation App in India. Rohit’s deep technology expertise will bring in the right thought-leadership to enable us to create the best-in-class user experience for our customers. In addition to helping accelerate the adoption of The latest technologies, Rohit will play a critical role in strengthening our development verticals and growing our offerings.” 

Rohit joins the ElectricPe team with 11 years of prior experience in technology and product development having worked with early-stage startups.