Paytm founder Vijay Shekhar Sharma hearts Meesho turning profitable, congratulates CEO Vidit Aatrey for scripting a success story

Homegrown affordable e-commerce platform Meesho is busy celebrating after it turned profitable in July.

Meesho co-founders Vidit Aatrey and Sanjeev Barnwal took to social media to announce the news on Tuesday.

The CEO expressed gratitude to the exceptional team of Meeshoites who dedicatedly worked towards making this dream come true. An excited Aatrey tweeted, "We did it!"



The CTO cheered the remarkable journey and a brighter future. Barnwal also said that Meesho became the first horizontal Indian e-commerce company to turn profitable. "To our incredible sellers and customers, your trust drives our success," he wrote.


Paytm founder Vijay Shekhar Sharma, who has been a cheerleader of the Indian startups, took some time out of his busy schedule to celebrate Meesho's success.

Lauding the leadership and the employees, he said that Meesho is the perfect example of how a motivated team can achieve great success.


The Softbank-backed e-commerce firm showed a significant uptick in order volumes and revenue, which turned their company towards profit. Aatrey said that a 43 per cent surge in order volumes and a 54 per cent increase in revenue in the last 12 months contributed to the profitability of the company. He said that 85 per cent of the orders have come from returning users in the last 12 months which reflects the customer retention rate of the platform.

Without disclosing actual financial details, he said that the company has attained profitability at a consolidated PAT level, encompassing all costs (including ESOP), across all its divisions and categories.

Aatry said Meesho remains the most downloaded shopping app in India and has served over 140 million unique transacting users in the last 12 months. "Meesho's continues to gain momentum, with its current run rate soaring to an impressive 3.5 million orders per day. What sets Meesho apart as a true industry leader is its unparalleled capital efficiency, attributed to the structural advantage of its innovative and asset-lite business model," he told PTI.