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Meesho Aims for Profitability in FY24
Images Retail
|June 2023
E-commerce platform Meesho is aiming to achieve profitability in FY24 as it looks to increase revenue and optimise costs, according to a senior company official
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Backed by SoftBank, the company also plans to surpass a revenue of ₹10,000 crore by FY25. While the possibility of an IPO in FY24 is being considered, it will only happen if the company becomes profitable. The comments hold significance after Fidelity Investments, one of Meesho's investors, reduced the company's valuation by 10 per cent to $4.4 billion.
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FLERE HISTORIER FRA Images Retail
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