{
  "id": 16996634,
  "title": "Meesho’s Q2 Report Card, Info Edge CEO Quits & More",
  "url": "https://urgent.news/2026/10/29/meeshos-q2-report-card-info-edge-ceo-quits-more",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-29T02:30:35.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/meeshos-q2-report-card-info-edge-ceo-quits-more/"
  },
  "original_language": "en",
  "account": "Meesho's Q2 report showed a narrowed net loss of 68% year-over-year to ₹132.4 crore, as ecommerce revenues climbed 34% to ₹4,131.6 crore. The marketplace engine led the growth, fueled by expanding margins, optimized logistics, high user retention and AI automation. However, new ventures like hyperlocal logistics, digital financial services and AI services continued to incur losses. Meesho has injected an extra ₹75 crore into Meesho Grocery to aid growth. The festive season will be crucial for Q3 growth, as the 'Mega Blockbuster Sale' has moved to Q3. Info Edge CEO Sanjeev Bikhchandani is stepping down after 27 years, to become executive vice chairman and group CEO from December 3, 2026. Info Edge's net profit surged 87% YoY to ₹649.8 crore, while revenues increased 12.2% to ₹903.9 crore. Cognizant is in talks with Sarvam, an AI firm, to invest $300 million at a valuation of $3.5 billion to $4 billion. Sarvam's AI business is expanding, serving customers like LIC, SBI Life and Tata Capital. Astrotalk's net profit nearly quadrupled to ₹222 crore in FY26, with operating revenue growing 55% year-over-year to ₹1,823 crore. Ecommerce revenue more than quadrupled to ₹166 crore. Moms Home, a baby essentials brand, saw quick commerce revenue grow from ₹1 crore in FY25 to ₹10 crore in FY26, accounting for nearly 30% of its revenue. The brand aims to generate ₹30 crore in quick commerce revenue in FY27 and expects it to contribute up to 50% of overall revenue within the next 15-18 months. CarTrade reported a net profit of ₹66 crore in Q2 FY27, up 3% YoY and 16.2% QoQ, with operating revenue up 10.2% to ₹213.1 crore.",
  "summary": "Meesho’s Q2 Snapshot Meesho inched closer to profitability in Q2 FY27. The quarter saw the ecommerce giant rein in its…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}