The UNTOLD Story Of India's UNICORN - Meesho | Sanjeev Barnwal | FO 38 - Raj Shamani

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In Today’s Episode of Figuring Out with Raj Shamani, we've Sanjeev Barnwal, the Co-founder and CTO of Meesho, the social commerce platform. He went to IIT-Delhi to complete his bachelor's. After completing IIT, he went to Japan. There he worked as a part of the Core Tech Team of Sony.

Sanjeev was happy at Sony and learned a lot during his time. But he couldn’t help feeling that he was supposed to establish his own business. And then he decided to develop something on his own with his batchmate Vidit Aatrey.

They originally started their business with FASHNEAR but the concept did not catch on. Meesho was born then. Meesho app essentially connects manufacturers to resellers. Manufacturers list their commodities on the Meesho shopping app, allowing merchants to choose from any of their products and sell them to customers using social networks like WhatsApp, Facebook, and Instagram.

In merely 5 years Meesho reached the milestone of a $1 Billion Valuation. Meesho is the first company to get funding from Facebook.

In this episode of Figuring Out we discussed:

01 - The success story of Meesho

02 - How did meesho start?

03 - How to come up with a winning startup idea?

04 - Next big industry in India

05 - Job vs Startup and a lot more...

So If you are interested in E-commerce, Brand Building & Entrepreneurship then WATCH This Episode Till The End!

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Sanjeev Barnwal's
Social Media Handles ⤵︎

Twitter @barnwalSanjeev

LinkedIn - Sanjeev Barnwal

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Timestamps:

0:00 - Introduction
00:30 - Why did he leave his job to start a startup?
02:30 - Actual idea of Meesho
04:12 - Framework for startup ideas
07:18 - How to acquire new skills?
11:42 - Importance of doing non-scalable things
15:28 - Difference between Japanese and Indian work culture
18:34 - How did Meesho get funding from Facebook?
20:22 - How is Social Commerce different from E-Commerce?
22:51 - Product Market Fit for Meesho
25:55 - How to enable tech in non-tech business?
28:31 - How to find data through tech?
33:05 - How to learn about building a business?
36:43 - How to reach out to people?
41:44 - How do you select which startup is best for investing in?
43:57 - Next big industry in India
46:43 - Conclusion

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My gear for shooting this video:

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About Raj Shamani
Raj Shamani is an Entrepreneur at heart that explains his expertise in Business Content Creation & Public Speaking. He has delivered 200+ speeches in 26+ countries. Besides that, Raj is also an Angel Investor interested in crazy minds who are creating a sensation in the Fintech, FMCG, & passion economy space.

To Know More,
Follow Raj Shamani On ⤵︎

Instagram @RajShamani

Twitter @RajShamani

Facebook @ShamaniRaj

LinkedIn - Raj Shamani

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About Figuring Out
Figuring Out Podcast is a Candid Conversations University where Raj Shamani brings raw conversations with the Top 1% in India.

[rajshamani]

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[shobha]

It's just wow. I am learning so many things related to business which paid courses fail to teach. Thankyou so much from bottom of my heart. 🙏🙏🙏

[RishabSahu.]

00:00 - Introduction
00:30 - Why did he leave his job to start a startup?
02:30 - Actual idea of Meesho
04:12 - Framework for startup ideas
07:18 - How to acquire new skills?
11:42 - Importance of doing non-scalable things
15:28 - Difference between Japanese and Indian work culture
18:34 - How did Meesho get funding from Facebook?
20:22 - How is Social Commerce different from E-Commerce?
22:51 - Product Market Fit for Meesho
25:55 - How to enable tech in non-tech business?
28:31 - How to find data through tech?
33:05 - How to learn about building a business?
36:43 - How to reach out to people?
41:44 - How do you select which startup is best for investing in?
43:57 - Next big industry in India
46:43 - Conclusion

[dreadpirateroberts]

3:52 While finding a problem, it doesnt necessarily be your problem. If you put limitations tonsolve only the problems you are facing directly, there might not be big problems
- However big the potential of your idea is, the exact problem you are solving today you should keep your ego aside. Not all things you have to do in your comapny are interesting. You have to manage it
12:20 - 13:16 interesting
- the first users should be the ones who would continue to be loyal to you, no matter how many mistakes you make. Theyll keep complaining but in the end of the day they'll use your product only.
17:38 - 18:02 wow
- Social Commerce is more of impulse buying rather than intentional buying
-Data cant be an afterthought
It has to be thought from the beginning
- Learning from books is much slower than learning from individuals. Best way is to network with people and learn directly from them
- To read Uber engineering👀
45:48 - 46:39 amazing idea

[abhinavsingh]

Thanks for sharing the Richard Branson case where you asked stupid question. It was important for me because it tells that everyone makes mistakes and seeing your growth today explains that hardwork make you the relevant person not just the intelligence you are born with.

[piyushbhatt.official]

A yet another insightful find Raj's podcasts more insightful than any other podcasts out there and it is because he talks about core business and trys to structure the content in such a way that if a person wants to know about business...he shall just watch out a couple of podcasts by Raj Shamani.

Just could'nt stop myself from taking notes despite I hate writing and taking notes 🤗🤗

[braindrude]

Successful people don't become that way overnight. What most people see at a glance wealth, a great career and purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life

[Shravankumar_]

You are doing a great job Raj, all best, you are literally igniting the spirit of many youngsters eagerly waiting for success

[BrokenRecord-iq]

founders market fit, interesting point🎉

[varunrajuvyshyaraju]

Thanks a lot raj shamani bro. i really waiting for it since so long.

[stealthoverflow]

Really wish their quality assurance was as good as the words and lessons from their story

[apurva]

Until Indians get over this “IITian IIMian” overhype, Startups will remain out of reach of the other not so lucky ones!
Talents are not just found in particular schools and the greatest of men in history have proved it, but firstly the opportunies are out of reach for the other side of the mass

[gauravgami]

Bro please make one podcast with offline businessman whose business is offline but he/she is millionaire or billionaire

[piyushramnani]

Raj, great work man. Good content, love it. Just one minor feedback - you need to change your hair dresser 😅

[ahamedaslaf]

you are doing great work i was just knowing all the information through this video . Richard Branson segment was really fascinating because i just know Richard runs 400business this information through your video one thing i had to say this please do you video fully in English or do available subtitles for those hindi words it will be helpful .thank you for your great work.

[adarshkmr]

Lots of promise but recession has hit them hard

[messpice]

Raj i have been waiting to tell you that you have the potential to become the India's best podcaster just don't limit yourself to startups, business, founders etc,
Try getting people from every field

Because you thing that guy who says " welcome to India's best podcast is already famous " No literally No
People watch him becoz he has no alternate, he was the one who first started, Now Nobody wants to see that creep, he just bullshits about Bollywood, spirituality, blah blah ..
You are a very practical guy, you can replace him .try man
You can be the best podcaster
We don't want to watch him 🤧

[pratyushkumarsingh]

One side effects of podcast is people are showing their good part and conversations are filtered. It's seems like awww startup world is awesome but there are lots of dirty tricks which are been played

[Techskoool]

Why didn't he mention about Ycombinator 🤔?

[aakashfulzele]

Hey Raj i love all vlogs of yours, i m definately going to meet u one day🌿