Meesho's losses rise by 550% to ₹3,248 crore in FY22

E-commerce platform Meesho reported a loss of ₹3,248 crore in 2021-22, an increase of 550% from ₹499 crore that the startup reported in the preceding fiscal year. The startup’s total expenses in the year increased to ₹6,607 crore, up 394% from ₹1,337 crore it spent in 2020-21. The unicorn's operating revenue climbed 308% year-on-year to ₹3,232 crore in 2021-2022.