Meesho reported 75 per cent Y-o-Y growth in orders on day 1 of its Mega Blockbuster Sale, with transacting customers increasing 60 per cent Y-o-Y.
About 90 per cent of Meesho's active creators are nano-creators, while 81 per cent come from non-metro India and 66 per cent of orders come from Tier-III and Tier-IV markets
Meesho said its Net Merchandise Value (NMV) through its content commerce ecosystem grew 152% YoY supported by over 160,000 active creators over the last 12 months across India.
Blinkit and food delivery players may post strong growth, while Instamart losses could widen; Meesho and PhysicsWallah are expected to show margin improvement
Meesho's asset-light value-commerce model, Valmo logistics network and growth potential are strengths, but rising competition and premium valuations pose risks
At the current price, Nomura said that Meesho trades at a premium to Eternal and Swiggy, despite their higher NMV growth and cash-cow food delivery businesses.
Nifty 50 hits two-week high as crude softens on US-Iran diplomacy hopes
The programme has helped partners claim Rs 2 crore in refunds, with nearly 70 per cent of those who initiated income tax return filing being first-time tax filers.
Meesho's shares will remain in focus after a likely block deal to sell 1.5 per cent of Meesho's paid-up equity by SoftBank Vision Fund entity SVF II Meerkat is expected today.
Jatin Gedia of Teji Mandi has said that he sees range-bound price action between 23,800 and 24,100 in Nifty from a short-term perspective.
Amol Athawale of Kotak Securities flagged 'Ascending Triangle' and 'Symmetrical Triangle' breakouts on Meesho and PolicyBazaar weekly charts.
While gold has traditionally been a dormant store of value for Indian households, the current price upcycle is increasingly turning the asset into a source of liquidity through gold-backed loans.
E-commerce marketplace Meesho expects to create over 10 lakh seasonal job opportunities across its seller and logistics ecosystem to meet the surge in demand during the upcoming festive season. The projected employment generation includes approximately 6.5 lakh jobs across its seller network and about 3.75 lakh roles across its logistics operations. "The festive season is an important period for businesses across our ecosystem to scale up and prepare for increased demand. "This year, we expect to enable over 10 lakh seasonal job opportunities... Nearly 1.3 lakh sellers are expected to hire seasonal workers across packaging, manufacturing, production, warehousing and inventory management, as they build inventory, launch new products and expand their festive collections," Meesho said in a statement on Friday. In the logistics sector, Meesho's own logistics platform, Valmo, along with its third-party logistics (3PL) partners, will scale up capacity. The seasonal roles in this segment
SAIF Partners, Elevation Capital and Peak XV Partners sold stakes in Paytm and Meesho, while institutional investors including NPS Trust and mutual funds emerged as buyers
Meesho said it continued investing in AI capabilities, engineering productivity and new consumer acquisition while maintaining a disciplined capital allocation approach.
The company expects AI to lower the cost of innovation, enabling it to build products faster while maintaining disciplined capital allocation and creating long-term value
Dutch technology investor reports $781 million India revenue in FY26 as PayU posts positive adjusted Ebitda for the first time, while Swiggy's quick-commerce investments weigh on profits
In an interim order passed on May 29, the Delhi HC also asked Meesho to disclose details of the sellers behind the listings
The acquisition gives Meesho access to a platform serving over 4 million retailers and strengthens its presence in India's grocery and business-to-business commerce markets
American financial services company Fidelity Investments on Wednesday divested a 1.3 per cent stake in e-commerce firm Meesho for Rs 988 crore through open market transactions. Fidelity Investments, through its two affiliates, FID FDI 2117 LLC and FID FDI 312 LLC, offloaded a total of 5,98,16,300 shares representing a 1.31 per cent stake in the Bengaluru-based e-commerce firm, according to the bulk deal data available on the National Stock Exchange (NSE). The shares were sold in the price range of Rs 165.18-165.21 apiece, taking the combined transaction value to Rs 988.15 crore. At the end of the March quarter, FID FDI 312 LLC owned a 1.13 per cent stake in Meesho, as per shareholding data available on the BSE. Details of the buyers of Meesho's shares could not be ascertained on the exchange. Shares of Meesho fell marginally to close at Rs 166.16 apiece on the NSE. Last month, Meesho said its consolidated net loss narrowed to Rs 166.34 crore for the fourth quarter ended March 31.