Meesho records its first-ever profit, but won’t share a number

The e-commerce platform’s claim, for just one month, comes soon after it announced layoffs and on the back of a Rs 3,247 crore loss in FY22.

8 August, 20231 min
0
Meesho records its first-ever profit, but won’t share a number

You may also like

Business
Story image

Bajaj Housing Finance could use a dose of risk

The NBFC’s stock has fizzled a fair bit since its dream debut despite doing all the right things. Competition, circumstances and conservatism are ailing it.

Business
Story image

Reliance’s battery plans run into a China wall

Mukesh Ambani’s $10-billion bet faces a harsh reality: much of the clean-energy stack still sits overwhelmingly in Chinese hands.

Business
Story image

The hidden debt behind rural India’s ‘prosperity’

How well rural consumption is doing is subjective. What isn’t subjective is how growing indebtedness, combined with stagnant income growth, is creating a tinderbox for households, banks and consumer companies that no one is talking about.