Meesho has turned into a poster boy of social commerce in India because of its quick growth in smaller cities where mainstream e-commerce companies are yet to make a strong inroad. The growth of the company could also be gauged from its 1200% leap in revenue in FY19.
But quick growth often comes with a high burn and Meesho is no exception. The firm’s losses ballooned by 20 times in the last fiscal as compared to FY18.
