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Meesho’s FY24 Net Loss Declines 82% To INR 305 Cr
- Ecommerce major Meesho's net loss for FY24 declined by 82% to INR 305 Cr compared to the previous year.
- The improvement in net loss can be attributed to improved margins and strong revenue growth.
- Meesho's operating revenue increased by 32.8% to INR 7,614.9 Cr in FY24.
- The company relies on advertising and marketing income from sellers and focuses on Tier II & III cities for revenue.
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