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 ...
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 ...