E-commerce platform Meesho achieves 33% revenue increase and positive operating cash flow in FY24.

E-commerce platform Meesho reported a 33% revenue increase to Rs 7,615 crore for FY24, achieving positive operating cash flow of Rs 232 crore. The company's adjusted losses fell 97% to Rs 53 crore, driven by growth in annual transacting users and order frequency. With a 36% rise in orders, Meesho aims to compete with major players like Amazon and Flipkart by enhancing its logistics and service in smaller Indian cities.

October 30, 2024
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