Meesho’s in-house logistics push hits a plateau

The share of Meesho’s orders handled by its in-house logistics arm, Valmo, has remained at around 50% for three consecutive quarters, suggesting the e-commerce platform’s push to internalise deliveries may have reached a plateau.

On the company’s post-earnings call, chief financial officer Dhiresh Bansal declined to indicate whether Valmo’s share would rise further. “There is no specific guidance on what Valmo’s share would be at any point in time,” he said.

Valmo’s share has remained broadly unchanged since peaking at over 60% around the middle of last year, when it briefly overtook Delhivery as the largest carrier of Meesho’s shipments.