Meesho generates positive operating cash flow of Rs 232 cr in FY24

Meesho said on Wednesday it has become the first “horizontal” Indian e-commerce company to achieve profitability and generate positive free cash flow – of Rs 232 crore – in FY24.

A horizontal e-marketplace, according to one definition, sells a wide range of products or services of several industries in a digital one-stop shop. Meesho’s revenue from operations grew 33 per cent to Rs 7,615 crore in FY24, helped by a 36 per cent year-over-year growth in orders delivered. Growth was driven by an increase in the annual transacting users as well as higher order frequency of existing customers, said the company.