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[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 5 sources · 7 days · First seen · Last updated
Meesho business expansion and financial performance
Overview
E-commerce platform Meesho has reported significant growth in its Indian value-commerce market, particularly among price-conscious consumers in smaller cities. Approximately 88% of the company’s consumer base now resides outside of India’s eight largest cities.
Financial reports for the second quarter of FY27 indicate a 34% year-on-year increase in operating revenue to ₹4,131.6 crore. During the same period, the company’s consolidated net loss was reduced by 68% year-on-year to ₹132.5 crore. Net Merchandise Value (NMV) grew by 23% to ₹12,911 crore.
Management attributed margin improvements to logistics efficiencies, such as enhanced delivery speeds and better address-accuracy tools. Additionally, Meesho has invested approximately ₹400 crore into its wholly-owned lending subsidiary, Meesho Payments Private Limited (MPPL), through a rights issue. These funds are intended to scale business operations and meet regulatory requirements as the subsidiary expands its offerings.
Entities
Vidit Aatrey · Meesho · India · Dhiresh Bansal · Amazon
Timeline
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[BUSINESS] 2 sourcesMeesho reports revenue growth and invests in lending subsidiary
Meesho reported a 34 per cent revenue rise and a 68 per cent reduction in quarterly losses, while also investing nearly Rs 400 crore into its lending subsidiary, Meesho Payments.
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[BUSINESS] 3 sourcesMeesho expands presence in India's small-town e-commerce market
Meesho is growing its Indian e-commerce footprint in small towns, reporting a 34% YoY revenue increase and a 68% reduction in quarterly net losses.
Sources
cinemaskope.com.br · inc42.com · indiantelevision.com · news18.com · tezzbuzz.com