Meesho says quarterly loss shrinks as orders rise
In short
Meesho said its quarterly loss got smaller while orders went up.
The Bengaluru-based e-commerce company is expanding in smaller cities and towns and is trying to make more from sellers while lowering delivery costs. The report does not give the size of the loss or the quarter.
What the reporting says
Indian e-commerce player Meesho reported a smaller quarterly loss as orders rose, according to the publisher summary. The Bengaluru-based company has been expanding into smaller cities and towns while trying to lift seller revenue and cut delivery costs. The available reporting does not give the loss figure, order growth number, or the quarter covered.
Why it matters
Meesho reported a smaller quarterly loss as orders rose, according to the summary provided. The company is described as Bengaluru-based and focused on budget-friendly products in fashion, home, and everyday items. It is expanding in smaller cities and towns while trying to boost seller revenue and reduce delivery costs. The report does not state the loss amount, order growth rate, or full financial details.