# Meesho business expansion and financial performance > Developing situation record from CLSTR: https://clstr.news/situations/meesho-business-expansion-and-financial-performance > Updated: 2026-11-03T05:45:00.000Z. Sources: 5. Developments: 2. 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. ## Timeline ### 2026-11-03: Meesho 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. 2 sources. https://clstr.news/cluster/meesho-reports-revenue-growth-and-invests-in-lending-subsidiary ### 2026-10-27: Meesho 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. 3 sources. https://clstr.news/cluster/meesho-expands-presence-in-indias-small-town-e-commerce-market --- Cite as: Meesho business expansion and financial performance. CLSTR, https://clstr.news/situations/meesho-business-expansion-and-financial-performance