Softbank-backed e-commerce platform Meesho turned profitability in July due to a significant rise in its revenue and order volumes. CEO Vidit Aatrey took to social media to share a note.
Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 months, a senior company executive said in an interview. .
Meesho competes with Amazon and Walmart s Flipkart in India s fast-growing e-commerce market, with its website becoming popular by targeting smaller towns and cities with unbranded products like clothes and cosmetics. It was last valued at nearly $7 billion, PitchBook data shows.