Why Loss Making Startups Like Meesho Try To Suppress Media From Reporting

Meesho, aka Fashnear Technologies Private Limited, and its founders Vidit Aatrey & Sanjeev Barnwal have sent a legal notice to Inventiva, Nine Network Private Limited via email dated 26th July 2023 on 8 PM through their law firm Luthra & Luthra.

Read The Legal Notice Here

Meesho has claimed that some articles of Inventiva have damaged and tarnished their reputation and affected their business and have sought compensation of 5,00,00,000 i.e 5 crores as well as the removal of those articles and an unconditional apology.

Meesho – The Tale of a Company Famous for scams – https://www.inventiva.co.in/stories/meesho-the-tale-of-a-company-famous-for-scams 

Analysis Of Zombie Unicorns https://www.inventiva.co.in/trends/zombie-unicorns-indian-startups/ 

List of startups that must be investigated via SFIO , ED & CBI https://www.inventiva.co.in/trends/startup-investigated-amid-byjus/ 

Meesho Mall- The New Strategy Implemented To Give Wings To The Zombie Startup. – https://www.inventiva.co.in/stories/meesho-mall-the-new-strategy-implemented-to-give-wings-to-the-zombie-startup/

Inventiva denies all the allegations that any of the articles written by Inventiva, its team members, founders, editors, and directors are biased, scandalous, or written with any intention to tarnish the image of any individual or company.

Before writing any such articles on Meesho, Inventiva and its entire team, along with The Editors & Directors, have studied the past 5 year records of Meesho and its reporting by various media houses that include

Year 2018

Social commerce app Meesho spent Rs 11 Cr to earn Rs 6 cr

Year 2019

Meesho posts 20 times higher loss of ₹100 cr in FY19

Meesho Reports Loss Of INR 100 Cr, 20 Folds Up From Previous Year

Meesho’s 19X Higher Losses Expose Chinks In Social Ecommerce

Year 2020

Meesho’s Losses Surge 3X In FY20 As Social Commerce Competition Heats Up

Year 2021

Valued At $5 Bn, Meesho’s Losses Near INR 500 Cr In FY21

Year 2022

Meesho witnesses loss of Rs. 9 crore daily in FY ’22

Meesho’s FY22 Loss Grows 6.5X To INR 3,247.8 Cr As Expenses Quadruple

Year 2023

Meesho’s losses near Rs 3248 crore as expenses rise 4X

Sellers Protests Against Meesho s Revised Product Return

Meesho aims to achieve profitability in FY24

SoftBank-backed Meesho lays off 251 employees.

Meesho fires 251 more in 3rd round layoffs.

No END To Layoffs! Despite 10x Growth In 2 Years

Another round of layoffs from Meesho

E-com firm Meesho hints at IPO in 2025

Vidit Aatrey, a founder of Meesho, says the company’s “next round of financing could be an IPO”

Meesho doesn’t need to raise money right now

Meesho founder talks about profitability by 2024

Facebook-backed Meesho targets early 2023 for IPO

Meesho aiming for IPO in 2023, considering India, US listing

Legal notice served to Meesho, Shadowfax over alleged ghost orders

We have also investigated the process of Vendor Empanelment, Employee Empanelment, employee onboarding, any possible employee harassment, data protection, any possible privacy breach, and data leak in Meesho.

Some media houses including Business Today also asked if Meesho can deliver profits? 

At the same time several reputed Indian media houses, including Times Of India, Business Today and international media house Reuters also reported on Zombie unicorns and included Meesho in their list.

Meesho, through this legal notice via a highly expensive legal firm like Luthra & Luthra, has not just tried to suppress the voice of Independent & unbiased journalism but also has tried to intimidate a media house and, at the same time, is trying to indulge in SLAPP (strategic lawsuit against public participation) litigation tactics against a small media house. If Meesho claims all these articles to be defamatory, have they sent legal notices to bigger media houses like ET, Times of India, Reuters, Business Today? Why Only suppress and attack small media houses?

Inventiva would also like to confirm that Inventiva and its entire team stand on their commitment, dedication, and passion towards unbiased, researched, and investigative journalism, and no attack or threats can make us threatened. We are committed and dedicated towards our journalistic duties, and by sending this legal notice, Meesho has confirmed their ill-intentions to suppress our voice and at the same time, made sure that we are on the right investigation part.

The Inventiva team is already working on some more reportings & articles on Meesho and will come out with more articles about the financials & IPO and if any wrongdoing, mismanagement, poor service & scams, etc are found, they will be presented in front of the citizens of India to make a fair and learned decision before investing their hard-earned money in any such companies.

In the last, we would only like to quote “News Is What Everyone Wants To Suppress, Rest Are All Advertisiments” ‘खबर वह है, जिसे कोई दबाना चाहे। बाकी सब केवल विज्ञापन है’