Meesho Startup registered a growth of 32.7 per cent in FY 2024. With this, Meesho reported a loss of Rs 53 crore for the financial year ending March 31, 2024. The company said the reduction was due to a reduction in administrative costs.

Revenue for the financial year ending March 2024 (FY24) increased by 32.7 per cent to Rs 7,615 crore from Rs 5,735 crore in the previous fiscal.

With this, the startup has been able to reduce its losses to Rs 53 crore in FY24, showing a 96.6 per cent reduction from Rs 1,569 crore in the previous financial year.

The startup explained that the increase in customers and the repetition of orders from existing customers resulted in this higher revenue and lower losses. There has been a 36% growth from 622 million orders in FY23 to 843 million orders in FY24.