Meesho Becomes the First Horizontal E-Commerce Company in India to Turn Profitable
Meesho, a homegrown e-commerce marketplace, has announced that it has turned profitable. This is a huge milestone for the company, as it is the first horizontal e-commerce company in India to achieve this feat.
Meesho's profitability is due to a number of factors, including:
? Improved operational efficiency
o Increased use of technology
? Reduction in marketing and customer acquisition costs: Meesho has significantly reduced its marketing and customer acquisition costs in the past year. This has been achieved through a number of measures, including:?
o Increased focus on organic growth
o Increased use of data analytics to target customers more effectively
Meesho's profitability is a positive development for the company and for the Indian e-commerce ecosystem as a whole. It shows that it is possible for e-commerce companies to achieve profitability while still growing rapidly.
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In addition to profitability, Meesho has also seen significant growth in the past year. The company's order volumes have grown by 43%, and its revenue has grown by 54%. Meesho now serves over 140 million unique transacting users, and it receives 3.5 million orders per day.
Meesho's success is a testament to the company's strong business model and its ability to execute. The company is well-positioned to continue its growth in the years to come.
What does this mean for the future of e-commerce in India?
Meesho's profitability is a positive sign for the future of e-commerce in India. It shows that it is possible for e-commerce companies to achieve profitability while still growing rapidly. This could encourage other e-commerce companies to focus on profitability, which could lead to a more sustainable and competitive e-commerce ecosystem in India.
Meesho's success is also a testament to the growing popularity of e-commerce in India. The Indian e-commerce market is expected to grow to $1 trillion by 2025, and Meesho is well-positioned to capture a significant share of this market.
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Why should you consider a career in this industry right now?
With many opportunities and substantial growth in the field, this is the perfect time to choose a career path here. The Indian e-commerce market is expected to reach $1 trillion by 2025, creating a high demand for professionals. Get ready to take advantage of these openings by enrolling in essential courses in logistics, supply chain management, and warehouse management.
Be the kind of person who spots opportunities before others and builds a successful career.