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Meesho claims Indian e-commerce first with positive cash flow

Published on: Wednesday 30 October 2024

Meesho claims Indian e-commerce first with positive cash flow Meesho has become India's first horizontal e-commerce firm to generate positive cash flow, marking a significant shift in a market where profitability has long remained elusive even as new competitive threats emerge. The SoftBank and Prosus-backed startup, which serves customers in smaller Indian cities and towns, reported positive operating cash flow of ₹232 crores ($27.6 million) for the financial year ending March 2024, while growing operating revenues by 33% to ₹7,615 crores ($905.6 million). India's e-commerce industry growth is expected to moderate to 17% in 2024 before accelerating to 20% in 2025, Bank of America analysts said this week.


News source: https://finance.yahoo.com/news/meesho-claims-indian-e-commerce-061039191.html

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