Meesho leads value commerce as India e-retail targets 20%+ GMV CAGR through FY29
A new report names Meesho India’s leading value-commerce platform and forecasts e-retail GMV growth of more than 20% annually from FY26 to FY29. The outlook is underpinned by e-commerce penetration of about 9% in India’s $1 trillion-plus retail market.
Meesho emerged as India’s leading value-commerce platform in a report forecasting over 20% GMV CAGR for e-retail between FY26 and FY29, supported by low e-commerce penetration of around 9% in the USD 1 trillion-plus retail market.
Why this matters
The report follows Meesho’s proposed ₹5,421 crore IPO to fund cloud, AI and brand growth, and its ₹202 crore all-cash Kirana Club acquisition, signalling continued investment in scale and commerce capabilities.
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