Meesho posts higher FY24 revenue driven by spike in user base

Bengaluru: E-commerce startup Meesho on Wednesday reported higher revenue and narrower losses in FY24 as it benefited from an increase in annual transacting users and a rise in order frequency from existing customers.

In FY24, the company reported operating revenues of ₹7,615 crore, a 33% increase from a year earlier. Its adjusted losses narrowed by 97% to ₹53 crores excluding employee share based compensation expense, Meesho said in a statement.