Summary
Meesho significantly improved its financial performance in Q1 FY27, nearly halving its net loss to Rs 132.8 crore while revenue grew 48.3% to Rs 3,713 crore. The e-commerce marketplace saw a 34% rise in net merchandise value and a 29% increase in annual transacting users, attributing growth to improved delivery conversions and the foundational role of AI in its operations.
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