Meesho’s Adjusted Loss Narrows 97% To INR 53 Cr In FY24

Meesho, an e-commerce platform, reported a 33% increase in operating revenues to INR 7,615 crore for FY24, up from INR 5,735 crore in the previous fiscal year. The company also managed to narrow its adjusted losses to INR 53 crore, a 97% reduction from INR 1,569 crore in FY23. This improvement was attributed to an increase in annual transacting users and a rise in order frequency from existing customers. Meesho saw a 36% year-on-year growth in orders delivered, reaching 843 million in FY24. The company’s focus on expanding its user base and enhancing customer engagement has been pivotal in driving revenue growth and reducing losses. This financial performance highlights Meesho’s successful efforts to scale its operations and improve profitability.