Meesho: Leading Homegrown E-commerce Platform Achieves Profitability

Meesho, a prominent homegrown e-commerce platform, has unveiled its inaugural annual report, showcasing impressive growth spurred by advancements in technology and artificial intelligence. The company asserts it is the first horizontal e-commerce platform in India to attain profitability in FY24, generating Rs 197 crore in free cash flow. Moreover, its adjusted losses have seen a significant decline of 97%, dropping to Rs 53 crore when excluding employee share-based compensation.

As reported in December 2024, Meesho proudly announced it has 187 million annual transacting users, effectively catering to nearly 13% of India’s population. Between April and December 2024, users made an astounding 1.3 billion orders, reinforcing Meesho’s status as the most downloaded shopping app for four consecutive years.

The platform efficiently processes 67 trillion features each day, managing 500,000 user requests per second during peak periods.

Valmo: Enhancing Logistics for Online Selling

Meesho’s logistics division, Valmo, has been pivotal, managing over 50% of daily orders, reaching 15,000 pin codes and generating 85,000 job opportunities. By supporting 400,000 sellers through a 0% commission model, Valmo has simplified online selling for small and medium-sized enterprises (SMEs).

In February of the previous year, Meesho launched Valmo, a comprehensive logistics marketplace, empowering micro-entrepreneurs within its network to partner with Meesho and deliver orders in their local areas.

Future Plans for Meesho

Looking ahead, Meesho is set to go public later this year, aiming to raise approximately $1 billion with a valuation of $10 billion, and JP Morgan may potentially participate in the IPO syndicate.