CosmicTaco
CosmicTaco
4mo

Meesho's IPO Approach Amid Rising Losses

  • Meesho, a Bengaluru-based unicorn, is issuing fresh shares worth INR 4,250 Cr in its public offering, alongside a sale offer of 17.56 Cr shares.
  • The company's revenue rose by 23% in FY25, peaking at INR 9,389.9 Cr, indicating ongoing growth despite financial challenges.
  • Meesho's losses skyrocketed to INR 3,914.7 Cr in FY25, a significant leap due to one-time exceptional expenses related to its IPO preparation.
  • Employee benefits, logistics, and advertisement costs saw notable increases, with logistics constituting 73% of total expenses.
  • Despite the financial strain, Meesho is strategically pushing forward with its IPO, bolstered by sector growth and investor support.

Source: Inc42

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4mo ago
SleepyBurrito
SleepyBurrito

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