Ujjwal Rana’s Post

✦ Meesho's FINANCIAL SUCCESS in FY 2023-24 with an impressive 82% REDUCTION in net LOSS to INR 305 crore and a 32.8% RISE in REVENUE reaching INR 7,614.9 crore. #MeeshoGrowth #FinancialSuccess ✦ ADJUSTED NET LOSS, excluding ESOP costs, SIGNIFICANTLY DROPPED by 96.6% to INR 53 crore, marking a pivotal improvement in financial health. #FinancialImprovement #ESOP ✦ EXPENSES increased by 7.8%, with a FOCUS on logistics and fulfillment as Meesho strengthens its social commerce platform targeting TIER II and III cities. #LogisticsInvestment #SocialCommerce

Ecommerce major Meesho managed to narrow its net loss by 81.8% to INR 304.9 Cr in the financial year 2023-24 (FY24) from INR 1,675 Cr in the previous year due to improvement in its margins. Last month, the company claimed that it narrowed its adjusted net loss, excluding ESOP costs, by 96.6% to INR 53 Cr in FY24 from INR 1,569 Cr in the previous year. One of the reasons for the improvement in Meesho’s bottom line was a strong growth in revenue. Its operating revenue zoomed 32.8% to INR 7,614.9 Cr during the year under review from INR 5,734.5 Cr in FY23. Including other income of INR 230 Cr, total revenue rose 33.2% to INR 7,845.1 Cr from INR 5,889.2 Cr in FY23. To read the in-depth article, click here: https://4-2.co/3UMiyWD #news #meesho #ecommerce #revenue

Ecommerce major Meesho reported a 32.7% surge in operating revenues to 7,615 Cr in the financial year ending March 2024 (FY24) from INR 5,735 Cr in the previous fiscal year👇 The startup was also able to narrow its adjusted losses to INR 53 Cr in FY24, a 96.6% reduction from INR 1,569 Cr recorded in the previous fiscal year, the company said in a blog today (October 30). This adjusted loss excludes Employee Share-Based Compensation expense. The startup attributed this higher revenue and narrower losses to an increase in annual transacting users and a rise in order frequency from existing customers. Notably, it saw a 36% YoY growth in orders delivered to 843 Mn in FY24 from 622 Mn in FY23. To read the in-depth article, click here: https://4-2.co/4frCjef #news #meesho #revenue

👏 to the brain behind Meesho's return strategy. Returns cost 5-10% of the selling price and its a problem every ecommerce company has been trying to tackle for years. Meesho took an interesting approach. It broke down refunds by reasons. You could pick an option to refund only for wrong size or defect and get an additional discount. This gives peace of mind, while ensuring you aren't casually over ordering knowing you are going to return it. It's a win-win: customers save more, and Meesho cuts down its costs. And its absolutely delightful to see a lower cost at checkout. Excellent problem solving while delivering delight.

Meesho’s rise is a head-scratcher. In a blog post announcing its FY24 financials, Meesho said it had become the “first horizontal e-commerce company” to generate positive cash flow. The numbers are commendable at first glance. But the reasons behind its rise aren't as obvious as one would imagine. Seetharaman G explains why in this week's edition of Trade Tricks. Click the link in the comments. ------- #TheKen #Meesho #ECommerce #Commerce

🚨 EXCLUSIVE Aditi Shrivastava breaks down Meesho's numbers for the first half of FY25: 🛍️Annualised recurring revenue: > $1 billion 🛒 Net merchandise value: Rs 14,251 crore ⬆️ 29% (y-o-y) 📌 Revenue: Rs 4,405 crore 24% 📌 Loss: Rs 41 crore The Arc Analysis: https://lnkd.in/g9tGkCS4 We're ON IT.

Big news! Meesho secures $275 million funding, what's next for retail? A very exciting piece for the e-commerce world! Meesho has closed a massive $275 million investment, meaning a substantial inflow into their operations. But what does it mean for the retail landscape, and why should we pay attention? With more capital injected to the operation - Meesho is going to expand its product offering to scale its business even further. The rise in inventory levels offers suppliers lots of chances to grow their market share and revenue. However, retailers could face serious difficulties and possible financial concerns when trying to manage a large amount of inventory. But here's where the conversation takes an interesting turn. As inventory levels rise, so do the concerns surrounding return and unsold stock. Toh socho ab returned items ka kya hoga? Unsold aur surplus inventory ka kya hoga? This is where the importance of liquidation companies comes into play. Liquidation offers a sustainable solution for retailers and suppliers to manage excess inventory effectively. Instead of letting returned or unsold items gather dust in a warehouse, liquidation provides a way to recover value and minimize losses. By partnering with liquidation experts, Meesho could unlock the hidden value and their surplus stock, turning potential losses into opportunities for growth. It's time for traders to re-evaluate their inventory management techniques. It will be interesting to see how Meesho's funding journey unfolds and how retailers leverage innovative solutions like liquid creation to thrive in a constantly changing market. https://lnkd.in/dKAJh5AZ #MeeshoFunding #Liquidation #Ecommerce #InventoryManagement #BusinessGrowth #MarketInnovation

Why is Meesho giving an 𝐞𝐱𝐭𝐫𝐚 7% 𝐝𝐢𝐬𝐜𝐨𝐮𝐧𝐭 on prepaid orders? Primarily, 𝐭𝐨 𝐛𝐮𝐢𝐥𝐝 𝐭𝐫𝐮𝐬𝐭 with tier 3 and 4 customers who are still wary of online payments. But equally important, it 𝐬𝐩𝐞𝐞𝐝𝐬 𝐮𝐩 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬 to sellers—a major advantage in India’s cash-strapped market. Typically, Meesho’s customers pay on delivery, with delivery times stretching 7-15 days. This means a Meesho seller might receive payment in 10-20 days. In contrast, the same seller on 𝐀𝐦𝐚𝐳𝐨𝐧 𝐦𝐢𝐠𝐡𝐭 𝐫𝐞𝐜𝐞𝐢𝐯𝐞 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 𝐢𝐧 2-5 𝐝𝐚𝐲𝐬 due to faster delivery. In India, 𝐛𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠 𝐜𝐨𝐬𝐭𝐬 𝐚𝐫𝐞 𝐞𝐱𝐨𝐫𝐛𝐢𝐭𝐚𝐧𝐭𝐥𝐲 𝐡𝐢𝐠𝐡, interest rates can range from 30-50% for small, unorganized sellers! Without faster payments, Meesho’s price competitiveness is at risk, despite its zero-commission model. Ironically, India’s largest offline retailers take 45-90 days to pay sellers, effectively exploiting them by borrowing at zero interest. It’s also surprising that payment speed isn’t a common KPI in most business roles, despite being a key competitive advantage in marketplaces! #Ecommerce #Retail

In an era where ecommerce giants are battling for dominance, Meesho stands out by dramatically narrowing its net loss by 81.8% to INR 304.9 Cr in FY24, compared to INR 1,675 Cr the previous year. Even more impressive, excluding ESOP costs, Meesho reported a 96.6% reduction in its adjusted net loss, down to just INR 53 Cr. This remarkable improvement is largely attributed to its 32.8% surge in operating revenue, reaching INR 7,614.9 Cr. Meesho’s strategic pivot to a marketplace model in 2022 has strengthened its position, particularly in Tier II & III cities, which now contribute to over 80% of its revenue. With 15 Lakh+ sellers and 140 Mn+ transacting users, the platform’s focus on democratizing ecommerce beyond metro areas is paying off. One of the unique aspects of Meesho’s model is its zero commission structure, where it primarily earns through advertising and marketing income from sellers. This seller-first approach, coupled with strong revenue growth, has allowed Meesho to not just survive but thrive in a highly competitive market. As the company eyes further capital with its recent $275 Mn funding, the road ahead looks promising, potentially redefining ecommerce for the heartland of India. #Meesho #Ecommerce #FinancialGrowth #TierIIIndia #MarketplaceModel #RevenueSurge Vandana Tolani

🚨 H1 FY25: Meesho’s sales top $1.7 bn, net losses shrink to $5 mn 1️⃣ Ecommerce unicorn Meesho saw a profit of Rs 27 crore in its flagship marketplace business during the first half of FY25, investor documents reviewed by The Arc show. 2️⃣ At the consolidated level, the company recorded a loss of Rs 41 crore. The loss, though, can be attributed to its investment in new projects, mainly a seller credit marketplace and in-house logistics arm Valmo, and to restructuring-related expenses. 3️⃣ Meesho held cash reserves of nearly $710 million as of September. The balance was lower at the start of the year, which indicates that the company raised at least $250 million in fresh capital in April. A chunk of this money will cover tax obligations resulting from Meesho’s decision to move its registered entity from the US to India. 4️⃣ Revenue for the first half of FY25 reached Rs 4,405 crore, a year-on-year improvement of 24%. This represents 31% of net sales. Based on these figures, the company’s annualised revenue run rate is estimated at Rs 8,810 crore, or over $1 billion. Article link in comments 👇 #ecommerce #fashion #retail #meesho #myntra #ajio #flipkart #amazon