In a surprising development for India's vibrant startup ecosystem, homegrown e-commerce major Meesho has announced the resignation of one of its top executives. Megha Agarwal, the company's Chief Experience Officer (Business), stepped down from her position, sending ripples through the industry.
The Sudden Exit of a Key Leader
Meesho formally disclosed the departure in a stock exchange filing dated January 7, 2026. The Bengaluru-based unicorn did not specify the reasons behind Agarwal's decision to leave. As is common in such corporate moves, the company stated that additional details would be shared at an appropriate time. The announcement also did not immediately name a replacement for her pivotal role.
The exit is particularly notable given Agarwal's substantial compensation. According to a report by Storyboard18, her total earnings for the fiscal year 2025 amounted to a staggering ₹2.29 crore. This sum included variable pay components from the preceding year, underscoring her significant position within the company's leadership structure.
Who is Megha Agarwal?
Megha Agarwal's journey with Meesho began in September 2019, marking an association of over six years. She joined the platform as the Chief of Staff and rapidly ascended through the ranks, showcasing her versatility and impact.
Her career trajectory at Meesho saw her hold several critical roles:
- Chief of Staff
- Vice President and General Manager for User Growth
- CXO-Growth
- Chief Experience Officer (Business) from October 2023
Under her leadership, her teams were instrumental in driving massive user growth for the platform. Her contributions were so significant that she was honoured with the founders' 10x Award for exceptional platform growth.
Before her tenure at Meesho, Agarwal built a strong professional foundation. She worked as a consultant at A T Kearney (India) and handled fixed income sales at Nomura Financial Advisory & Securities (India). Academically, she is an IIT Delhi alumnus with a BTech in Electrical Engineering and also holds a master's degree from the prestigious INSEAD business school.
What This Means for Meesho's Future
Agarwal's resignation marks the second high-profile exit from a senior growth role at Meesho in recent years. She was promoted to CXO (Business) in 2023 following the departure of Utkrishta Kumar, who left to pursue opportunities in the fintech sector. That earlier restructuring involved splitting growth roles for sharper operational focus.
Meesho, founded by Vidit Aatrey and Sanjeev Kumar, has revolutionized online shopping for millions of value-conscious Indians. Its asset-light marketplace model connects buyers, sellers, logistics partners, and content creators, specializing in affordable fashion, home essentials, and beauty products. The platform has been a standout success story in India's competitive e-commerce landscape.
The departure of a key architect of its user growth strategy inevitably leads to speculation about the company's next phase. The startup world will be watching closely to see how Meesho navigates this leadership change and who will step in to steer its business experience vertical forward. For now, the reasons behind this unexpected move remain a closely guarded secret within the walls of the Bengaluru unicorn.
