Meesho, a Bengaluru-based ecommerce company, achieved positive free cash flow of Rs 232 crore in FY24, growing operational revenues by 33% to Rs 7,615 crore. Losses narrowed significantly by 97%.
According to Meesho, its financial improvement was primarily driven by growth in annual transacting users and increased order frequency among existing customers, alongside the use of generative ...
NEW DELHI: SoftBank-backed Meesho reported a significant reduction in its adjusted losses to Rs 53 crore for the financial year ending 31 March 2024, mainly attributed to a reduction in general ...
Meesho has become India's first horizontal e-commerce firm to generate positive cash flow, marking a significant shift in a market where profitability has long remained elusive even as new ...