Meesho generates positive operating cash flow of Rs 232 crores for FY24

Quick Summary:

Customers have contributed to 233 million ratings, 75 million reviews, and 13 million pieces of user-generated content such as images and videos.

Adjusted losses, as a result, narrowed by 97 per cent from Rs 1,569 crore to Rs 53 crore, excluding employee share-based compensation expense.

Meesho said that by using artificial intelligence (AI) technology to analyse category preferences, demographics and time spent on the platform it delivers a “highly personalised” shopping experience.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Customer reviews Logistics Machine learning Customer engagement FY24 revenue Meesho downloads Prepaid transactions Indian e-commerce Free cash flow Artificial intelligence Valmo logistics E-commerce accessibility Meesho Annual transacting users Marketplace model

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 11:06:00 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 473 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23335360

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About Business Standard

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Official Website: business-standard.com

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Coverage Areas: India

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