E-commerce startup Meesho turns profitable in July

Meesho turned profitable on a profit after tax (PAT) basis in July, the e-commerce startup's executives announced on Monday. This makes Meesho the first horizontal e-commerce company in India to do so, Co-founder Vidit Aatrey said. "We achieved this feat while driving a 43% growth in orders and 54% growth in revenue in the last 12 months," he added.