Wednesday, April 17, 2024
Outlook India
Outlook Business

Meesho Profit

According to a report by TechCrunch the recent valuation adjustment is a result of a secondary sale transaction late last year, valuing Meesho at $3.5 billion

Meesho had posted a 77 per cent increase in revenue from operations at Rs 5,735 crore in the previous financial year

The aspirational goal marks a remarkable ten-fold expansion of Meesho’s current seller base of 1.3 million

The comments hold significance after Fidelity Investments, one of Meesho's investors, reduced the company's valuation by 10 per cent to $4.4 billion