Meesho MEESHO
Value e-commerce marketplace for tier-2/3 India with zero seller commission; earns from seller ads and logistics (Valmo)
Mapped in 1 theme: Consumer Internet.
Where Meesho sits in the supply chain
Meesho appears in 1 supply-chain layer in one theme, Consumer Internet.
Consumer Internet › Marketplaces & D2C
OperatorOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | 5,735 | 7,615 | 9,390 | 12,626 |
| Net profit | — | −1,675 | −328 | −3,942 | −1,358 |
Latest-year revenue ₹12,626 Cr (FY26, company-wide).
Note: years before its listing or not on Screener left blank.
Strengths
- 284 million annual transacting users (Q2 FY27, +21%) - the widest reach among Indian marketplaces
- Contribution margin rose to 6.0% of NMV in Q2 FY27 and free cash flow turned positive
- Valmo, its asset-light logistics network, keeps delivery costs low
Risks
- Order growth slowed to 17% in Q2 FY27 (sale timing shifted to Q3)
- Still loss-making at the net level after listing in Dec 2025
- Low-ticket orders leave little room if logistics or ad income falls
Common questions
What does Meesho do?
Value e-commerce marketplace for tier-2/3 India with zero seller commission; earns from seller ads and logistics (Valmo).
Where does Meesho sit in the supply chain?
Meesho (NSE: MEESHO) is mapped in 1 supply-chain layer: Marketplaces & D2C (Consumer Internet).
Who are Meesho's peers?
In the Marketplaces & D2C layer of Consumer Internet: Flipkart (not NSE-listed), Amazon India (not NSE-listed), FSN E-Commerce Ventures (Nykaa), Brainbees Solutions (FirstCry) and Lenskart Solutions.
What is Meesho's market cap and valuation?
As of 6 Nov 2026: market cap ₹1.08L Cr, ROCE −40.0%, ROE −46.2%, dividend yield 0%.