Meesho posts 48% revenue growth and commits ₹75 crore to grocery expansion
Meesho reported June-quarter revenue of ₹3,713 crore, up 48.3% year on year, while its net loss narrowed to ₹132.8 crore. The marketplace also approved a ₹75 crore investment in Meesho Grocery as it expands operations and assortment; shares rose after ₹1,949 crore in block deals.
Meesho shares rose after Rs 1,949 crore block deals. The marketplace reported narrower June-quarter losses and 48.3% revenue growth, while approving a Rs 75 crore infusion into Meesho Grocery to expand operations and offerings.
Why this matters
The results and grocery funding follow Meesho’s recent focus on its reseller-led route into India’s unorganised retail market and a ₹1,949 crore block deal in its shares.
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