Meesho Q2 loss narrows; Info Edge names Sanjeev Bikhchandani CEO
Happy Thursday! Meesho’s losses shrunk as revenue grew in the second quarter of FY27. This and more in today’s ETtech Morning Dispatch.
In Meesho's second quarter of FY27, the ecommerce platform experienced a narrowing of losses and an increase in revenue. Operating revenue rose 34% to Rs 4,131 crore, while net losses dwindled 68% YoY to Rs 132 crore. In addition to financial improvements, Meesho witnessed a 21% YoY rise in annual transacting users to 284 million and a 7% increase in last-twelve-month purchase frequency to 10.4.
Meesho's CEO Vidit Aatrey expressed optimism about the company's growth during the festive season and emphasized India's e-commerce potential. Following Bikhchandani's 16-year tenure, Info Edge is set to receive new leadership from Sanjeev Bikhchandani, who will return as the company's CEO and executive vice chairman.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Meesho’s quarterly loss narrows 68% as revenue jumps 34% techinasia.com
