Meesho demonstrated significant financial improvement in the second quarter of FY27, trimming its net loss by 68% as operating revenue surged to Rs 4,131 crore. In the corporate sector, Info Edge founder Sanjeev Bikhchandani is returning as chief executive to replace outgoing leader Hitesh Oberoi. Meanwhile, domestic deeptech continues to rely heavily on international suppliers for nearly all advanced logic chips and lithium-ion cells. To offset these risks, equipment maker KLA Corporation is currently weighing local manufacturing plans in India.
Key points
Strong festive sales momentum drove a 33% increase in net merchandise value for e-commerc…: Strong festive sales momentum drove a 33% increase in net merchandise value for e-commerce player Meesho.
Semiconductor equipment manufacturer KLA Corporation is currently evaluating the establis…: Semiconductor equipment manufacturer KLA Corporation is currently evaluating the establishment of manufacturing operations across India.
Cybersecurity vulnerabilities are prompting policy experts to recommend targeted Digital…: Cybersecurity vulnerabilities are prompting policy experts to recommend targeted Digital Personal Data Protection Act readiness reviews.
Sources checked by our analysis pipeline: 1
Business News›Tech›Newsletters›Morning Dispatch›Meesho Q2 loss narrows; Info Edge names Sanjeev Bikhchandani CEO
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Meesho Q2 loss narrows; Info Edge names Sanjeev Bikhchandani CEO
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Happy Thursday! Meesho’s losses shrunk as revenue grew in the second quarter of FY27. This and more in today’s ETtech Morning Dispatch.
Also in the letter:
■ Deeptech’s import dependence
■ Calls for DPDP readiness checks
■ KLA eyes India manufacturing
Vidit Aatrey, CEO, Meesho
Ecommerce platform Meesho saw revenue growing in the second quarter of FY27, while net loss narrowed.
Financials:
CEOspeak: "This momentum extended into the festive season, with NMV growing 33% year-on-year on a festive-aligned basis, reinforcing our conviction in the depth of India's e-commerce opportunity," said Vidit Aatrey, cofounder and CEO, Meesho.
Q3 Outlook: The platform expects year-on-year growth in the December quarter to look stronger than the underlying trend due to a shift in the timing of its festive sale,…
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