Meesho’s Net Loss Declines 82% To INR 305 Cr in FY24

Meesho is an e-commerce platform. It was founded in 2015 and is popular in Tier 2 and Tier 3 cities among the masses. The startup is famous for selling products at cheap prices. The startup gets 80% revenue from these cities. Meesho’s Net Loss Declines 82% To INR 305 Cr in FY24.

With the growing expectations of Indian consumer, the startup is also making waves in the era of ecommerce platforms. It is competing with big brands like Amazon and Flipkart. The interesting thing to note down is that the startup does not charge commission fees on the platform. It is free for all.

EXPENDITURES

Earlier the startup claimed that it has declined the adjusted loss of around 97%. Now it has claimed that it’s net loss has declined to 82%.

Before this, we need to learn the difference between adjusted loss and net loss. The adjusted loss is a way to show the company’s loss by leaving certain unusual costs. It removes those costs that are not often the part of expenses. The net loss is the difference between the revenue and expenses of the startup. Net loss = Total Revenue – Total Expenses

Coming back to the blog, Meesho’s Net Loss Declines 82% To INR 305 Cr in FY24. The startup achieved an operating cash flow of INR 232 Cr for FY24. 

DRIVING OPERATIONAL EFFICIENCES

Meesho launched Valmo this year and this has developed a logistics ecosystem that has helped small and regional logistics partners. This has helped to manage shipping costs efficiently. Valmo has helped Meesho a lot to optimise costs.

CONCLUSION

To conclude, Meesho has become India’s first e-commerce platform which has generated positive cash flow. The main focus of the startup is to earn from advertising and income from sellers. Amazon and Flipkart has done a lot in the field of e-commerce delivery. It has reduced net loss and adjusted loss. The Net Loss of Meesho has declined to 82% To INR 305 Cr in FY24. While, this is not the end of the story, there is a lot more to come in the field of e-commerce.

Stay tuned for more updates.

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