Meesho Posts Narrower Q2 Loss on Rising Orders
Indian online marketplace Meesho reported a narrower second quarter net loss of 1.32 billion rupees. Revenue from operations rose 34% to 41.32 billion rupees, driven by higher ad revenue and a 23% increase in net merchandise value.
Insights:
India's e-commerce platform Meesho narrowed its quarterly net loss to 1.32 billion rupees ($13.9M) in the July to September quarter. The reduction follows a 34% rise in revenue from operations to 41.32 billion rupees, driven by increased orders. The narrower loss highlights the company's progress in cutting delivery costs and boosting seller ad revenue across smaller cities.
