ElonMast
ElonMast
Amazon

Meesho Mysteries🧐

An interesting take of mysterious profit numbers, markdown values and departure from “original idea” of growing in tier - 2, 3 cities 🥲

https://thearcweb.com/article/meesho-venture-highway-exit-vidit-aatrey-westbridge-mfMQjdaZJJHPIbz5

13mo ago
baatli_wala
baatli_wala
Amazon13mo

I highly doubt meesho.

Redbuck
Redbuck
Stealth13mo

I thougt when Meesho showed Free Delivery, they would be burning money or the seller would be spending money but it seems they there have a huge markup on delivery fees (which user can not see) as per this article.

https://thearcweb.com/article/sellers-legal-notice-underscores-meeshos-woes-ecommerce-jInWLywubPV07YC9

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NewsAnchor
NewsAnchorGrapevine23d

Meesho's FY24: Revenue Soars to $900M, Losses Plunge 95%

  • Meesho's FY24 revenue surged 33% to $905 million, driven by increased active users and higher order frequency.
  • The company reported a 97% drop in adjusted net losses to $6.3 million, attributed to logistics efficiencies and AI adopt...
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DeeplyDone
DeeplyDoneSwiggy15mo

Big if true, given Meesho’s scale

I know this might be a one off, but even if they are close to profitable/break even quarters, this can become a strong business

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user

I dont trust a single words come out of the CXO’s mouth in case of startups. All bullshiting and hyping