Meesho, the social commerce platform, reported a 33% increase in revenue for FY24, reaching ₹7,615 crore. However, the company faced a loss of ₹53 crore when adjusted for Employee Stock Ownership Plans (ESOPs).
This growth comes as Meesho focuses on expanding its customer base and enhancing its services. The platform’s total Gross Merchandise Value (GMV) surged 47% to ₹25,215 crore, driven by more than 10 million active sellers. Additionally, the number of users on Meesho's app crossed 140 million, showcasing its growing popularity.