Meesho shuts down its grocery business, lays off 300 employees: Report

Meesho has shut down its grocery business, Meesho Superstore, in more than 90% of the Indian cities it operated in, except Mysuru and Nagpur, Inc42 reported. The move has led to the lay off of more than 300 employees at Meesho, the report said. The unicorn startup will reportedly pay two months' salary as severance to laid off on-roll employees.