Meesho’s FY23 revenue from operations increased by 77% to Rs 5,735 crore, with losses narrowing to Rs 1,675 crore. In FY24, consolidated revenue grew by 37% to Rs 3,521 crore, with losses of Rs 141 crore. Meesho turned profitable in Q2FY24 and sustained it. The company’s wide selection, low prices, and cost optimization initiatives drove customer downloads. Revenue in the first half of FY24 exceeded the full year revenue of FY21-22, and growth continued into the festive season.
Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News