H1 FY25: Meesho’s sales top $1.7 bn, net losses shrink to $5 mn

• 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...

• A social media post revealed Meesho was selling t-shirts featuring gangster Lawrence Bishnoi, causing public outrage.
• Some users called for Meesho to be 'de-platformed' for promoting criminal figures.
• In response to the backlash, M...

• Meesho has closed another $250-270 Mn round from investors including Tiger Global, Think Investments, and Mars Growth Capital, primarily through secondary share sales.
• The company has filed an application to shift its domicile to its...

While I'm proud of these two revolutionising the quick commerce space, I somehow have a bad feeling about this

Profits aren't coming, money is flowing Don't know what the VCs are seeking? Why bake a a pie that you can't eat later?