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Meesho's sales surge by 77% to reach INR 5,735 crore.

Writer's picture: RISHI KORDERISHI KORDE

Updated: Dec 31, 2023









In the fiscal year 2023, Meesho reported an operating revenue of INR 5,735 Cr, marking a significant 77% surge compared to the INR 3,232 Cr recorded in the previous fiscal year. Concurrently, the net loss experienced a notable reduction, decreasing by 48% to INR 1,675 Cr from the INR 3,248 Cr reported in FY22.

Meesho attributes the remarkable increase in its FY24 topline to the substantial growth in its app download numbers. The startup proudly announced the attainment of 14.5 Cr app downloads in 2013, reaching an impressive milestone of 500 Mn downloads in the first half of FY24.

Established in 2015 by Vidit Aatrey and Sanjeev Barnwal, Meesho has successfully secured approximately a billion dollars in funding and currently holds a valuation close to $5 Bn.

In the fiscal year 2023, Meesho reported an operating revenue of INR 5,735 Cr, marking a significant 77% surge compared to the INR 3,232 Cr recorded in the previous fiscal year. Concurrently, the net loss experienced a notable reduction, decreasing by 48% to INR 1,675 Cr from the INR 3,248 Cr reported in FY22.

Meesho attributes the remarkable increase in its FY24 topline to the substantial growth in its app download numbers. The startup proudly announced the attainment of 14.5 Cr app downloads in 2013, reaching an impressive milestone of 500 Mn downloads in the first half of FY24.

Established in 2015 by Vidit Aatrey and Sanjeev Barnwal, Meesho has successfully secured approximately a billion dollars in funding and currently holds a valuation close to $5 Bn.


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