MEECARE

Benefits at
MEESHO
Meesho provides a comprehensive range of rewards
and benefits that are fair, competitive
and progressive in the industry
and community we serve
 Mantras,the MEESHO way !

MISSION & PURPOSE

Democratize Internet Commerce for Everyone

Core values & guiding principles

for every Meeshoite
We “walk the talk” by institutionalising our culture
& values through rituals, symbols and language
BENEFITS
 Your Total Rewards go much beyond your Pay!

DEVELOPMENT & CAREER OPPORTUNITIES

Learning Programs, Career Development,
Performance Management, Buddy/Mentor
REMUNERATION
Programs Base Pay, Bonus,
Stock Options

BENEFITS
WORK ENVIRONMENT
Insurance, Health & Wellness,
Leave Benefits, Retirement Meesho Culture & Mantras,
Benefits and much more Work Life Balance,
Communication, Recognition

EMPLOYEE DELIGHT
Gratitide Policy, Personalized Gifts
 We have meaningful benefits that drive value for you

Insurance Work Life Health & Parental Retirement Learning & Other
Benefits Balance Wellness Support Benefits Development Benefits
Support Benefits Programs Benefits Benefits

Medical Time away from Employee Gender Neutral Provident Fund Capability Meesops
Insurance Work Assistance Caregiver contribution Enhancement
Programs Support Benefits Program (CEP) Relocation Policy
Personal Reset & Recharge Voluntray PF
Leaves Wellness Maternity contribution MYAcademy Salary Advance
Accident
Insurance Programs Benefits learning portal
Infinite Wellness Employee Referral
National
Leaves
Term Life Day care Pension Corporate
Flexible Benefits
Insurance Gratitude Policy
support Scheme (NPS) Library
Program Car Lease
Flexible Working Gratuity
Child Addoption
Assistance
INSURANCE
Benefits
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Medical
Insurance
Members covered
Family Definition – (1+5) – Employee + Spouse + 2 Children + 1 set of Parents
(Parents or Parents in laws). LGBTIQ/Live-in Partners also covered
Sum Insured
Base Insurance coverage of 6 lacs with parental restriction of 4 lacs
Dedicated help desk
Continuous assistance and support for claim management
No Waiting period
Pre-existing disease covered from day 1 & waiting period waived off
Top-up
Top-up facility can be opted to increase the sum insured up to 20 lacs
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Accident & Term Life

Insurance
Coverage - Employee only

Personal Accident Insurance Sum Insured = 3x of CTC

(Min of 10 lacs & Max of 5 Crore)

Term Life Insurance Sum Insured = 2x of CTC

(Min. of 40 lacs & Max. of 5 Cr with Free cover limit (FCL) of 2.5 Cr)

Note: CTC refers to Cash Compensation. ESOP's are not included

 WORK LIFE
BALANCE SUPPORT
Benefits
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Time away from Work

Days
Days
Celebration Marriage
Days Weeks Leave
Separation
Wellness Primary Days
/Casual Earned Caregiver Days Optional
leave* Leave* Leave Study
Leave
Days Holidays
Bereavement
Leave
Days Days Pet
Adoption Days
Marriage Gender
Leave
Secondary Declared Public
Leave Reassignment
Holidays
Caregiver Leave Days

*Earned and Wellness/Casual Leaves will be prorated

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Reset & Recharge Leaves

Prioritizing employee well-being and mental
health support, Meesho declares 11-day*
company-wide leaves to completely unplug
from work in Oct / Nov month every year

*Note: These leaves are as per organization's discretion and may change every
year. Also, this is not applicable to early stage businesses
(Live Commerce, Superstore - including People Associated in other functions)
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Infinite Wellness Leaves

Meeshoites can avail up to 365 days of leave in the following
scenarios:

If an employee is impacted by a critical illness - requiring constant /

frequent hospitalization

If an employee's family member is impacted by a critical

illness - requiring constant / frequent hospitalization

If an employee wants time off to pursue a personal goal,

outside of work
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Gratitude Policy
Means to express our gratitude for the extra efforts put in for inevitable
stretches by Meeshoites. In order to make an employee feel recognized
for their contribution, they are rewarded with :

Up to INR 1000 worth vouchers for Stretch

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Flexible Working
Flexibility to choose reduced work hours - 25%, 50%, or 75%

Pro-rata reduction in salary & statutory leaves as per the

chosen flexible working percentage

Other major benefits – Insurance, Daycare, Telehealth, etc.

will continue as is
HEALTH & WELLNESS
PROGRAMS
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Employee Assistance Program

OPD 1:1 Live Audio/ Fitness challenges Health awareness

Program Videos sessions and awards talks & webinars

Physical wellness Curated newsletters and events Access to online portal

24/7 Counselling
activities such as yoga, for wellness engagement and mobile app
support
dance, Zumba,etc
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Exclusive Discounts:

Advantage Club NURA

(Market place to avail the (Meesho employees & their
discounted coupons on over dependents enjoy a fantastic
1000+ top brands) 20% discount on advanced
medical screenings)
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Holistic Wellness Programs

Telehealth Wellness Health Vision Dental Discounted

Events Checkups Care Consultations Medicines

Slow Life Dance/ Posture Wellness Mental Female Financial

Meditation Comedy Concerts Nutrition Health Health Wellbeing
Yoga Zumba Correction
PARENTAL SUPPORT
BENEFITS
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Caregiver Support Benefits

Primary Caregiver (Gender Neutral) to get 30 weeks of full paid leave.
Additional 3 months of leave after 30 weeks can also be taken with 25%
salary payout

Secondary caregivers (Gender Neutral) are entitled to

30 calendar days of leave

Maternity Benefit of 1Lac for both Normal and C-sec up to 2 children

Infertility Coverage - INR 1.5 lac on an IPD basis

Newborn baby cover from day one

Supporting parents with small kids through day-care and creche

Note: Maternity benefit amount mentioned is as per the Corporate insurance policy
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Child Adoption
Assistance
Adoptive parents can claim reimbursement of up to INR
1,00,000 per adopted child, for a maximum of 2 children

Adoption-related expenses can include - adoption fees,

legal fees, or any related travel expenses
RETIREMENT
BENEFITS
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Retirement Benefits
Provident Fund

Employee and employer equally contribute to the provident fund

account owned by the employee to avail long term savings. You receive
a contribution of INR 1800 per month from Meesho towards your PF
which would be part of CTC/Total Fixed Pay , fully exempt from tax.

Voluntary Provident Fund (VPF) & Flexi PF

Meeshoites have an option to declare greater than 12% of basic salary

as Voluntary PF contribution. This will be a deduction from your monthly
take-home salary. There will be no matching employer contribution
Meeshoites may also choose to contribute 12% of basic pay as Flexi PF
contribution anytime throughout the year
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Retirement Benefits
Gratuity
Lump sum entitlement upon completion of 5 years as per the
Gratuity Act

National Pension Scheme (NPS)

Meeshoites can make NPS contributions through Meesho as a
monthly deductions from their payroll, up to 10% of their basic
salary, completely tax free.
LEARNING & DEVELOPMENT
BENEFITS
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Capability Enhancement
Program (CEP)
“Learn as if you were not reaching your goal and as though you were scared of missing it”

The program offers assistance in various capacities, designed to accommodate various use-case
scenarios.

Full-time and part-time educational assistance in case a Meeshoite wants to pursue higher education.
This includes studying for degrees, diplomas, etc.

Certification assistance for those who want to pursue certificate courses, both offline and online.
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MYACADEMY

MYACADEMY (LEARNING PLATFORM) - Access to 50,000+ courses

(7000+ tech and product courses, 10,000+ book summaries and
1000+ certifications. The platform gives you an opportunity to build
your skills learning anytime and anywhere from internationally
recognized platforms like Harvard Business Publishing, Udemy,
GetAbstract, Udacity, etc.
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Corporate Library
"Reading is to the mind what exercise is to the body"

An online digital platform available for all Meeshoites

with exciting features
 OTHER
BENEFITS
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Meesops
The MeeSOP programme is completely inclusive, providing
every employee, irrespective of their seniority, to benefit from
Meesho’s rapid growth while ensuring 100 per cent of the
grant is vested by the end of 6 months. This provides both
opportunities and control to opting employees and helps
them cash in on Meesho’s frequent ESOP liquidation
programs.

This is a voluntary program where employees who

participate, can convert some portion of their Annual fixed
compensation into ESOP's (subject to statutory deductions)
and get a MeeSOP Grant increased by a multiplier
Note: Guidelines for Meesops may vary from cycle to cycle and this program is at Company's discretion
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Relocation Policy
Travel Entitlement
One way trip for Employee + Spouse + Dependent Children (2) +
Dependent Parents (2) - for up to INR 12,000 per person

Accommodation
Accommodation is provided for first 10 days for up to INR 5,000
(Inclusive of Taxes) per day

Brokerage expenses
Reimbursed at 1-month rental or at actuals (whichever is less)
Note: Rent Agreement is mandatory

Note: Mandatory to have digital GST Invoices for Reimbursements

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Relocation Policy
Children Education expenses
School re-admission expenses will only be reimbursed at actuals (max 2
children) only once post relocation

Transportation of Goods & Personal Vehicle & Registration

Transit Insurance will be reimbursed at actuals for a maximum of 1 truckload
(640 cft in Volume) and 1 Car/Bike Four-wheeler / two-wheeler re-registration
expenses will be reimbursed at one month rental or actuals (whichever is less)

Relocation Leave
5 days Relocation Leave to all Meeshoites to enable you and your family to rest,
recuperate and settle in at the new location

Note: Mandatory to have digital GST Invoices for Reimbursements

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Salary Advance
The maximum advance available is three months monthly CTC (Interest free). However, this
attracts a perquisite tax as per SBI interest rates

Maximum recovery period will be 12 months

Employee Referral
The intent of this policy is to encourage employees to help attract great talent to the
organization

You may refer your friends, former colleague or anyone in your personal network who is
interested in working at Meesho & build a great team. You should be ready to vouch for the
candidate. If you know anyone in your network who would thrive in the Meesho Culture, refer
them and earn multiple rewards.
Note: Referral policy may change from time to time depending on hiring requirements
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Flexible Benefits Plan

The Flexible Benefit Plan (FBP) offers the freedom to Meeshoites to avail tax benefits and it covers a wide
range of FBP components against which Meeshoites can avail tax benefits by producing the bills based
on the tax regime opted.

COMPONENT ANNUAL MAXIMUM VALUE COMPONENT ANNUAL MAXIMUM VALUE

Leave Travel Allowance Upto INR 100,000 National Pension Scheme (NPS) Upto 10% of Basic Salary

Coomunication Reimbursement
Upto INR 24,000 Books & Periodicals Upto INR 60,000
(Broadband & Telephone)

Fuel Reimbursement Upto INR 21,600 Car Lease (if opted through Meesho) Tax exemption of EMI value

Gadget Allowance Upto INR 100,000 MeeSOPs(as and when the

window opens) Some portion of fixed salary
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Car Lease

The objective of Car Lease policy is to provide Meeshoites a simple

and cost-effective method to lease a car, while at the same time
enabling them to also avail tax benefits as applicable

The maximum permissible EMI is your monthly

special allowance minus monthly FBP
components
 MORE
@MEESHO
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Meesho Sabha Panchayat Vartalaap & Chai BU - All Hands

per Charcha Meet
Weekly organization Quarterly
wide All-hands organization-wide Connect with Vidit & Bu specific meets
(every Friday) All-hands Sanjeev to have where you get to
Knowledge sharing Organization candid conversations connect with
session by Business performance updates Sharing of ideas, vision colleagues and BU
units Business-wise and experiences leads
Open Mic Q&A performance updates Come together and
Open mic Q&A share some best
practices
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 www.meesho.com
Disclaimer
Meesho reserves the right to amend, supplement or rescind any provisions of employee benefits as it deems appropriate, in its sole and absolute discretion. It is
important to note that the handbook is only a summary of your benefits. It is not a legal document. If there is any discrepancy between the policy and this handbook, the
policy will take priority. The applicability of these benefits may vary subject to your designation and tenure. Please check the terms of the policy to assess which benefits
apply to you. The benefit programs are subject to change. This is a confidential document and is meant for internal circulation only.