Meesho’s Q2 Report Card, Info Edge CEO Quits & More
Meesho's core marketplace grew due to higher user retention and AI automation, though new ventures in hyperlocal logistics and AI services remain loss-making. The company has invested an additional ‘75 Cr into Meesho Grocery to support growth.
Key points
- Net loss narrowed 68% YoY to ‘132.4 Cr
- Operating revenue rose 34% YoY to ‘4,131.6 Cr
- New bets in AI and hyperlocal logistics continue to widen losses
- Additional ‘75 Cr invested in Meesho Grocery
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