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Founded by Vidit Aatrey and Sanjeev Barnwal, Meesho has emerged as one of India’s most prominent social commerce platforms, enabling millions of individuals to resell products directly through social channels. Meesho has disrupted traditional e-commerce by focusing on affordability and accessibility, especially for Tier 2 and Tier 3 markets. With its asset-light model and massive reseller base, Meesho has garnered investor interest and achieved rapid scale. This report provides a deep dive into Meesho's financial trajectory, including revenues, profits, funding rounds, employee trends, and strategic plans for future growth. All data has been curated from verified sources to ensure accuracy and provide actionable insights.
| Metric | Value |
|---|---|
| Revenue (FY23) | ₹6,875 Cr |
| Net Profit (FY23) | ₹2,907 Cr |
| EBITDA Margin | 66.9% |
| Employees (FY23) | 1,100 |
| Headquarters | Bangalore, India |
| Round | Amount | Year | Investors |
|---|---|---|---|
| Seed | $3M | 2017 | Y Combinator, Venture Highway |
| Series A | $11.5M | 2018 | SAIF Partners |
| Series B-D | $190M | 2019-2020 | Sequoia, Naspers |
| Series E-F | $570M | 2021-2022 | SoftBank, Prosus Ventures |
Meesho’s revenue surged significantly from ₹1,123 Cr in FY21 to ₹6,875 Cr in FY23, reflecting a strong growth trajectory. The company turned profitable in FY21 itself, with net profit rising to ₹2,907 Cr by FY23, indicating effective monetization and operational scale. This performance is driven by low CAC, high retention, and deeper market penetration across India’s smaller towns.
Meesho’s EBITDA margin improved from 59.7% in FY21 to a robust 70.1% in FY22, before slightly tapering to 66.9% in FY23. This reflects disciplined cost control and significant operational leverage, especially in logistics and warehousing. Its lean team structure and reseller-led acquisition model have helped contain fixed costs, ensuring financial prudence at scale.
Employee count has steadily increased from 800 in FY21 to 1,100 in FY23. The company emphasizes tech-driven operations and customer support, which constitute a majority of its workforce. The HR strategy focuses on agility and remote scalability to support its fast-expanding reseller base without bloating core team size.
Meesho recently reported break-even performance in Q4 FY24 and is preparing to raise a pre-IPO round at a $4.5B valuation. It also launched an AI-powered personalization engine to improve user retention and AOV. The company claims over 140 million monthly active users, consolidating its leadership in social commerce.
| Metric | Insight |
|---|---|
| Revenue Growth | ↑ 6.1x (FY21 to FY23) |
| Profitability | Consistently Profitable |
| Operational Efficiency | High Margins & Cost Control |
| Funding Status | Well Capitalized |
| IPO Timeline | Expected 2026 |
Meesho’s financial performance showcases strong fundamentals, sustainable growth, and an innovation-first approach in the hyper-competitive e-commerce landscape. The company has successfully transitioned from a cash-burning phase to a profit-driven model, underlining its resilience and clarity of vision. With robust margins, a high-growth trajectory, and ambitious expansion plans, Meesho is poised to become a long-term winner in Indian commerce. Make smarter business decisions with verified insights on companies and directors. Visit Affluense.ai to learn more.
This report is intended for informational purposes only. While data is based on reliable public sources, Affluense.ai does not guarantee accuracy or completeness. Readers should independently verify information before making business or investment decisions.