Meesho says it is first e-commerce company with positive cash flow in FY24

E-commerce company Meesho on Wednesday reported its FY24 audited results with revenue from operations growing by 33 per cent to Rs 7,615 crore from Rs 5,735 crore in FY23, on the back of 36 per cent growth in orders delivered from 62 crore to 84 crore. The company, which focuses on shoppers from Tier II and III cities and competes with Flipkart and Amazon, said its operating cash flow also turned positive in FY24 to Rs 232 crore from minus Rs 2,303 crore in FY23, marking a key milestone in the e-commerce space where profits have been hard to come by for leading players in the market.