India, July 24 -- Meesho's Steady Q1 March

Meesho inched closer to profitability in Q1. Buoyed by strong revenue growth, improving unit economics, higher platform monetisation and a tighter leash on costs, the ecommerce major managed to narrow its losses during the quarter.

Here is quick looks at Meesho's Q1 FY27 numbers:

Operating revenue grew 48% YoY to Rs.3,707 Cr

Consolidated net loss shrank 54% YoY to Rs.132.8 Cr

Total expenses zoomed sharply by nearly 43% YoY to Rs.3,959 Cr

The Marketplace Engine: As usual, Meesho's marketplace arm continued to do the heavy lifting on the back of healthy NMV, order growth, growing transacting users and expanding contribution margin. The core platform continued to benefit from better delivery c...