Meesho narrows adjusted losses from Rs 1,569 crore to Rs 53 crore in fiscal year 2024

Softbank-backed Meesho on Wednesday said it had narrowed adjusted losses to Rs 53 crore in the financial year ended March 31, 2024 mainly on account of reduction in general and administrative expenses.

The company had reported an adjusted loss of Rs 1,569 crore in the fiscal year 2022-23.