IPO-bound Meesho clocks 34% order growth in April-December

E-commerce unicorn Meesho has recorded 1.3 billion orders in the first nine months of this financial year, marking a 34% year-on-year growth, the company said in its annual report. During this period, it recorded 187 million annual transacting users, compared to 156 million in the entire FY24.

Meesho also said its in-house logistics arm, Valmo, powered more than 50% of its orders last year. Valmo was launched last year, which is a decentralised network of micro-entrepreneurs who provide first-mile, last-mile or sorting solutions to Meesho sellers, unlike third-party logistics (3PL) players who provide end-to-end services.