Meesho’s quarterly loss narrows 68% as revenue jumps 34%
Meesho said its cash balance stood at 70.5 billion rupees (US$741 million) at the end of the quarter.
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.
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- Meesho Q2 loss narrows; Info Edge names Sanjeev Bikhchandani CEO economictimes.indiatimes.com
