Meesho's Q3 losses jump 13X on logistics network expansion, higher growth spending

Meesho’s net loss surged 13 times to Rs 491 crore for Q3, driven by the expansion of its logistics arm Valmo and customer acquisition costs. Revenue rose 31% to Rs 3,517 crore, while annual transacting users jumped 34% to 251 million. The company aims to focus on growth and improve margins despite short-term losses.