MEESHO LOSES  increase BY 6X IN 2022



Mumbai-based e-commerce platform Meesho has reported a six-fold increase in losses for the fiscal year ending March 2022, reaching INR 3,247 crore ($440 million). 


The company attributed the surge in losses to rising advertising and other expenses.

meesho losSes

However, the company’s expenses also rose significantly, with advertising expenses alone reaching INR 2,080 crore ($286 million). Other expenses, including employee benefits and operational costs, also contributed to the overall increase in losses.