Meesho’s Adjusted Loss Narrows 97% To INR 53 Cr In FY24
INTRODUCTION
Meesho was founded in December, 2015. The startup reached the verge of failure various times. But then bounced back with more force. This has happened again in FY24. Meesho’s Adjusted loss narrows to 97% in FY24. Let us look into it in depth.
Meesho-A company known for Employee Wellness
Meesho has announced it’s third annual break for employees in wellness. A company which focus on the well being of an employee is going to retain these employees in future. They called this break as “RESET and RECHARGE” Break.
Meesho’s adjusted loss narrows 97%
The company has generated a cash flow of around INR 232 Crore in 2024. In operating revenues, the company reported a 32.7 % surge. Meesho adjusted loss narrowed to 97 % to INR53 Crore in FY2024. The company has inserted Artificial Intelligence and Machine Learning to enhance logistics. This move of keeping up with the current trends has helped Meesho to narrow the losses.
First Horizontal E-Commerce Company
The company claims to be the first horizontal E-commerce company to generate positive work flow in FY’24. There is one more reason to all these positive news. The reason is that the order frequency per consumer has increased. Thus, it can be said that customer loyalty is also one of the key driving force to the success of the team- Meesho.
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