Indian e-commerce firm Meesho's quarterly loss spikes on higher expenses
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Indian e-commerce firm Meesho reported a significant quarterly loss of 4.91 billion rupees ($53.44 million) for the quarter ending December 31, up from a loss of 374.3 million rupees a year earlier. This increase in loss is attributed to a 44% rise in expenses, totaling 40.71 billion rupees, despite a 32% increase in revenue to 35.18 billion rupees. The company, which offers low-priced products without charging seller commissions, is competing against major players like Amazon and Flipkart in India's growing online market.
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Source: CNA The copyright of this article belongs to the original author/organization.
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