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Meesho posts 20 times higher loss of ₹100 cr in FY19: Report
short by Dharna / on Friday, 25 October, 2019
Bengaluru-based e-commerce startup Meesho has reported a twenty-fold increase in its loss to ₹100.42 crore in 2018-19 from ₹5 crore in the previous financial year, reports said citing regulatory filings. However, its revenue reportedly grew to ₹84 crore from ₹6 crore in 2017-18. Founded by IIT-Delhi alumni Vidit Aatrey and Sanjeev Barnwal, Meesho is backed by Facebook, Naspers and others.
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