E-commerce company Meesho has reported a 68% reduction in net loss, even as its revenue for the second quarter of the 2027 fiscal year grew by 34% year-on-year.
For the three months ending September 2026—the second quarter of the 2027 fiscal year—Meesho posted a net loss of 13.244 billion rupees, compared to a net loss of 41.136 billion rupees in the same period the previous year.
Revenue for the second quarter reached 413.158 billion rupees, up from 307.367 billion rupees in the same period last year.
Commenting on the company’s performance, Meesho CEO Vidit Aatrey stated: “Our second-quarter results reflect the strengths of Meesho’s operating model. Net Merchandise Value (NMV) grew by 23% year-on-year to 129.11 billion rupees, and our annual transacting user base reached 284 million. More consumers are shopping on Meesho with greater frequency, and the number of first-time buyers has increased by 16% quarter-on-quarter.”
According to the company, the number of annual transacting users grew by 21% year-on-year to 284 million, while the annual purchase frequency per user rose by 7% to 10.4 transactions. Meesho also noted a 23% year-on-year increase in Net Merchandise Value (NMV).
Meesho reported that in the 90 days leading up to the festival of Dussehra, NMV grew by 33% year-on-year. The number of annual transacting sellers increased by 60% year-on-year, reaching 1.13 million. The e-commerce firm stated that over 400,000 sellers have joined its “content-commerce” ecosystem, which enables entrepreneurs to reach consumers through product discovery features driven by content creators.
For Meesho, artificial intelligence (AI) has emerged as a key differentiator. As the company shifts toward an agent-led approach to software development, it has seen a 171% increase in engineering productivity and a 73% rise in the number of experiments conducted between March and September 2026. The report notes that approximately 65% of engineering teams are currently guided by a single engineer overseeing the operation of AI agents.
“We will continue to reinvest the gains from these efficiency improvements into better experiences for consumers and sellers, accelerating innovation and building a larger, more efficient marketplace—ultimately generating sustainable free cash flow over the long term,” said Aatrey.
Meesho stated that as of September 30, 2026, it held a cash balance of 70.48 billion rupees, providing the flexibility to pursue long-term growth opportunities while maintaining financial discipline.