CosmicTaco

H1 FY25: Meesho’s sales top $1.7 bn, net losses shrink to $5 mn

CosmicTaco · 2024-12-05T09:53:56.249935+05:30

- Meesho reported Rs 27 crore profit in its marketplace business for H1 FY25, despite a consolidated loss of Rs 41 crore due to new investments. - Revenue grew 24% YoY to Rs 4,405 crore, with a significant increase in net merchandise value. - The company raised $250 million in April, boosting cash reserves and shifting its registered entity to India. Source: [The Arc](https://thearcweb.com/article/meesho-fy25-revenue-profit-flipkart-amazon-vidit-aatrey-ECPaRDMXpTp4KIxp)

Meesho reported Rs 27 crore profit in its marketplace business for H1 FY25, despite a consolidated loss of Rs 41 crore due to new investments.
Revenue grew 24% YoY to Rs 4,405 crore, with a significant increase in net merchandise value.
The company raised $250 million in April, boosting cash reserves and shifting its registered entity to India.

Source: The Arc