Meesho becomes first profitable horizontal E-comm firm
The Business Guardian|August 09, 2023
Meesho, backed by SoftBank, has proudly announced that it has become the first horizontal e-commerce company in India to achieve profitability. The company revealed that it reached profitability at a consolidated profit after tax (PAT) level, covering all costs, including employee stock ownership plans (ESOPs), across all its divisions and categories.
Meesho becomes first profitable horizontal E-comm firm

Meesho embarked on its path towards profitability last year and surpassed this significant milestone well ahead of the anticipated timeline, achieving it as of July 2023.

Vidit Aatrey, the CEO and founder of Meesho, emphasized the company’s vision to empower small businesses, entrepreneurs, and customers. He stated, “Today’s milestone is a testament to the unwavering dedication of the entire Meesho family.” Aatrey highlighted that being the first horizontal e-commerce platform to achieve profitability in India reflects their commitment to driving sustainable growth, democratizing e-commerce for all, and unlocking India’s heartland’s true potential.

この蚘事は The Business Guardian の August 09, 2023 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は The Business Guardian の August 09, 2023 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

THE BUSINESS GUARDIANのその他の蚘事すべお衚瀺
FROM GRAINS TO GROWTH: PROCESSED FOOD BOOM
The Business Guardian

FROM GRAINS TO GROWTH: PROCESSED FOOD BOOM

India's processed food market set to reach $535 billion by 2025, fuelled by rising demand and government initiatives.

time-read
4 分  |
January 11, 2025
The Business Guardian

PM Modi Chairs BJP's Poll Body Meets to Finalise Candidates

Nadda reviewed BJP's election preparations with key leaders and committees.

time-read
1 min  |
January 11, 2025
Kejriwal Promises Funds for RWAs to Hire Guards
The Business Guardian

Kejriwal Promises Funds for RWAs to Hire Guards

AAP supremo Arvind Kejriwal on Friday announced that RWAs will be provided funds to hire private guards to ensure security in the neighbourhoods, if his party returns to power in Delhi.

time-read
1 min  |
January 11, 2025
BJP Poorvanchal Morcha protests at ex-CM residence over 'fake voters' remark
The Business Guardian

BJP Poorvanchal Morcha protests at ex-CM residence over 'fake voters' remark

The Delhi BJP on Friday held a protest against the AAP for allegedly making \"fake\" claims about registration of voters from Uttar Pradesh and Bihar in the electoral rolls ahead of assembly polls.

time-read
1 min  |
January 11, 2025
AAP Accuses BJP of Vote Buying, Fund Embezzlement
The Business Guardian

AAP Accuses BJP of Vote Buying, Fund Embezzlement

AAP on Friday alleged that the BJP is buying votes ahead of the Delhi assembly elections, claiming that the saffron party's Delhi leaders have embezzled funds meant for \"buying votes with money\".

time-read
1 min  |
January 11, 2025
No INDIA bloc party officially backs AAP', says Congress
The Business Guardian

No INDIA bloc party officially backs AAP', says Congress

Delhi Congress President Devender Yadav on Friday, brushed off the perception of the Aam Aadmi Party receiving the support of the INDIA bloc for the upcoming Delhi Assembly Elections and said no party from the alliance has officially extended support to AAP.

time-read
1 min  |
January 11, 2025
BJP to project Ramesh Bidhuri as CM candidate
The Business Guardian

BJP to project Ramesh Bidhuri as CM candidate

Bidhuri, infamous for his derogatory remarks in Parliament, has even abused his own party members and physically assaulted Poorvanchali leaders.

time-read
2 分  |
January 11, 2025
Krishna Janmabhoomi-Shahi Idgah Dispute: Supreme Court Expresses Reluctance to Interfere With Consolidation of Suits
The Business Guardian

Krishna Janmabhoomi-Shahi Idgah Dispute: Supreme Court Expresses Reluctance to Interfere With Consolidation of Suits

The Supreme Court in the case Committee of Management Trust Shahi Masjid Idgah v. Bhagwan Shrikrishna Virajman & Ors. observed and has expressed reluctance to interfere with the order of Allahabad High Court to consolidate all suits relating to the Krishna Janmabhoomi-Shahi Eidgah dispute.

time-read
3 分  |
January 11, 2025
Aggrieved with the same, the respondent approached the Gujarat High Court, which allowed their appeal. Against the decision of High Court, the appellants filed the present appeal before the Supreme Court.
The Business Guardian

Aggrieved with the same, the respondent approached the Gujarat High Court, which allowed their appeal. Against the decision of High Court, the appellants filed the present appeal before the Supreme Court.

The Supreme Court in the case Daliben Valjibhai Versus Prajapati Kodarbhai Kachrabhai observed and has reiterated that the period of limitation in such cases begins from the date when knowledge of fraud (underlying the challenged sale deed) is acquired, and not the date of registration.

time-read
3 分  |
January 11, 2025
Delhi High Court seeks Patanjali's response on Dabur's fresh injunction plea over 'disparaging' Chyavanprash ads
The Business Guardian

Delhi High Court seeks Patanjali's response on Dabur's fresh injunction plea over 'disparaging' Chyavanprash ads

However, while denying the submissions made by Senior Advocate Sandeep Sethi, Mehta stated that all the ingredients which are used in Patanjali's product are as per prescribed formula and fit for human consumption.

time-read
2 分  |
January 11, 2025