Meesho, the Bengaluru-based social commerce giant, is on the verge of achieving a massive financial milestone as its revenue inches closer to the ₹10,000 crore mark. The company, known for empowering small sellers and entrepreneurs across India, is now preparing for its highly anticipated Initial Public Offering (IPO). This remarkable growth showcases Meesho’s strong position in India’s rapidly expanding e-commerce market and highlights how local startups are transforming digital retail for millions of users.
Strong Growth Ahead of IPO
In the financial year 2024–25, Meesho reported an impressive operating revenue of around ₹9,389.9 crore, marking a significant jump from ₹7,615 crore in FY24. When other sources of income were included, its total revenue reached ₹9,900.9 crore. Even more notably, in the first quarter of FY26, the company recorded ₹2,503.8 crore in operating revenue, signalling that its momentum continues into the new fiscal year. These figures not only reflect Meesho’s growing popularity but also underline the strong demand for online shopping in India’s smaller cities and towns, where the platform has built a loyal customer base.
This consistent upward trend in revenue has also been fuelled by Meesho’s focus on affordable pricing, ease of access, and its commitment to helping millions of small businesses and resellers grow through digital tools. By creating a platform that caters to both buyers and sellers, Meesho has established itself as a trusted brand in India’s competitive e-commerce landscape.
Rising Losses, Yet Signs of Stability
While Meesho’s revenue growth is impressive, the company still faces financial challenges. It reported a loss of ₹3,914.7 crore in FY25, a sharp increase from ₹327.6 crore in FY24. However, this large figure includes one-time expenses such as restructuring charges and tax adjustments related to a reverse flip. When these exceptional costs are excluded, Meesho’s loss would have been around ₹108 crore, indicating that its core business operations are moving toward stability.
The surge in losses is largely due to the company’s ongoing investments in technology, logistics, and customer acquisition. Meesho is betting on long-term scalability and sustainability, which often requires high initial spending. As it readies for its IPO, these financial adjustments show that Meesho is working to strengthen its internal structure while maintaining growth.
What’s Driving Meesho’s Growth
A major part of Meesho’s expenditure comes from logistics and fulfilment costs, accounting for nearly 73% of its total spending. These expenses increased to ₹7,352 crore in FY25 from ₹5,926 crore a year earlier. The company also ramped up its marketing and advertising efforts, spending ₹643 crore in FY25 — a 40% jump from the previous year. Employee benefits and salaries rose as Meesho expanded its workforce, reflecting its focus on talent and innovation.
These investments have helped Meesho build a strong logistics network and improve customer experience, two crucial factors in the highly competitive e-commerce industry. By ensuring smooth delivery and efficient order fulfilment, Meesho has managed to retain customer trust and attract new users at a rapid pace.
IPO Plans and the Road Ahead
Meesho’s upcoming IPO is one of the most anticipated public listings in India’s startup ecosystem. The offering is expected to include a fresh issue of ₹4,250 crore and an offer-for-sale of 17.56 crore shares by existing investors. The funds raised will likely be used to strengthen operations, enhance technology infrastructure, and reduce long-term liabilities.