MEESHO NEWS
Sensex, Nifty's explosive rally pushes market to pre-Middle East war levels. How long will they take to scale fresh peaks?
In a remarkable turn of events, the Indian stock market has showcased impressive upward movement this month, with the Sensex soaring to 82,000, indicating a robust rebound following the recent conflict. Analysts suggest that if favorable conditions persist, lifetime highs could be on the horizon in the coming months. However, investors are urged to remain vigilant due to potential external volatility, and to consider acquiring top-quality stocks during any downturns.
UPI sees Diwali boom; AI cracks Captcha
Diwali spending fuelled a surge in UPI transactions, with both payment volumes and values rising. This and more in today’s ETtech Top 5.
Q2 earnings upgrades hold above 50%, says Jefferies. Is the profit cycle turning?
India’s Q2 FY27 earnings show signs of resilience, with Jefferies reporting that 50% of the 105 companies it tracks received FY27 earnings estimate upgrades, while 41% saw downgrades and 9% remained unchanged. The share of companies beating expectations rose to 56% from 52% in the previous quarter, though the recovery remains uneven across sectors.
Cyberattacks hit NBFCs; Pine Labs Q2 profit zooms
Cyber criminals are targetting smaller NBFCs with specialised AI toolkits. This and more in today’s ETtech Top 5.
Meesho Q2 loss narrows; Info Edge names Sanjeev Bikhchandani CEO
Happy Thursday! Meesho’s losses shrunk as revenue grew in the second quarter of FY27. This and more in today’s ETtech Morning Dispatch.
Stocks in news: Jio Platforms, RIL, Hero MotoCorp, Meesho, TVS Motor, Vedanta Aluminium and Suzlon Energy
Indian equities ended lower on Wednesday, primarily driven by selling in heavyweight stocks. Information technology and oil and gas shares experienced significant declines, falling more than 2%. The Nifty 50 index settled at 22,699, down 51 points, indicating ongoing resistance at 22,800. Several companies, including Jio Platforms and Hero MotoCorp, reported their quarterly earnings that impacted market sentiment.
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Meesho loss narrows; Sanjeev Bikhchandani back as Info Edge CEO
Meesho cut its losses in the July-September quarter, while growth continued. This and more in today’s ETtech Top 5.
Meesho shares surge 5% as strong festive sales, Q2 biz update boost sentiment. Should you buy?
Meesho shares rallied as much as 5% after the company reported a 75% year-on-year jump in Day 1 orders during its Mega Blockbuster Sale 2026. Orders on Meesho Mall surged over 200%, while creator-led commerce grew 3.7 times. Meanwhile, Nomura initiated coverage with a Reduce rating, citing rising competition, while UBS raised its target price by 24% to Rs 260.
The ET Startup Awards 2026 special
Entrepreneurs, investors and policymakers came together in a star-studded event to honour the best of Indian entrepreneurship at the ET Startup Awards 2026 in Bengaluru.
Menlo Ventures on AI slowdown; Ola Electric CEO pledges stake
Happy Monday! Menlo Ventures, an early Anthropic backer, says the real AI constraint is compute, not a slowdown in frontier models. This and more in today's ETtech Morning Dispatch.
Ecommerce's festive push; Vertex's AI bets
Happy Wednesday! Ahead of the festive sales, ecommerce giants are building out their supply chains. This and more in today’s ETtech Morning Dispatch.
Prosus in talks to invest Rs 150 crore in Swiggy Instamart challenger BazaarNow
BazaarNow, founded by former Zepto executives Priyanshu Jain, Arjun Harish and Tarithmay Mandal, sells groceries and daily essentials, focusing on local products and regional brands in Tier 2 and 3 cities. It raised Rs 72 crore from Peak XV Partners and others in June. Instamart also serves smaller markets through its 131-city network.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian equities reversed morning gains on Tuesday, with Sensex falling 330 points and Nifty closing lower after sharp volatility during the closing auction session. F&O expiry, foreign outflows, geopolitical uncertainty, IT pressure and elevated crude prices weighed on market sentiment.
Invesco’s ₹16,000 crore midcap fund delivered 426% return in 10 years. Aditya Khemani reveals the strategy
Invesco India Midcap Fund has impressively delivered a 426% return over a decade, showcasing an investment strategy that values robust earnings potential and strong management teams. The fund employs a concentrated portfolio approach with a moderate turnover rate, aiming to compound earnings over three to five years. This blend of growth and value investing fosters ongoing value creation for its investors.
Rentomojo’s valuation jump; SoftBank’s Meesho windfall
Rentomojo is expected to go public at a valuation nearly five times higher than its previous private market round. This and more in today's ETtech Top 5.
ETSA 2026: Jury to pick winners today; SoftBank trims Lenskart stake
The day has arrived! The elite jury of The Economic Times Startup Awards 2026 will convene in Bengaluru today to select the brightest stars in India’s startup galaxy. This and more in today’s ETtech Morning Dispatch.
Block deal alert: Meesho shares in focus as Peak XV, Elevation Capital eye Rs 1,900 crore stake sale
Peak XV and Elevation Capital plan to sell a 2.3 per cent stake in Meesho via Rs 1,900 crore block deals. This follows Meesho narrowing its Q1 net loss to Rs 133 crore, while brokerages like Citi and Morgan Stanley remain divided on near-term growth dynamics.
Meesho shares can rally to Rs 240? Why Motilal Oswal initiated coverage on the platform stock
Motilal Oswal has begun coverage on Meesho, awarding it a buy rating along with a target price indicating strong potential. The brokerage believes that free cash flow will start manifesting from FY27, highlighting Meesho's asset-light model as a crucial factor for growth. The company's recent Q1 performance showed reduced losses and increased marketplace revenue, emphasizing its sensitivity to NMV growth and margin improvements.
Meesho shares plunge 10% on Rs 1,500 crore tax demand; down 44% from Dec high
Shares of Meesho fell 10% to hit the lower circuit after the company revealed a Rs 1,500-crore tax demand from the Income Tax Department, nearly half of its Q3 operating revenue. The demand relates to the 2023-24 assessment year. Meesho said it disagrees with the order and is evaluating legal and factual grounds to contest it.
Meesho shares command 36% GMP ahead of December 10 listing. Check all details
Meesho shares are trading at a grey market premium of Rs 40–41, a 36% gain over the IPO price, ahead of the company’s market debut on December 10. IPO allotments will be finalized by December 8, with shares credited to demat accounts on December 9.
Meesho IPO: There’s no slowdown, India among the least penetrated ecommerce markets globally: CEO Vidit Aatrey
Globally, companies such as Pinduoduo and Shopee have scaled massively without owning heavy infrastructure. Meesho’s asset-light approach is a strategic choice, and it works, says CEO, as company announces IPO pricing.
Meesho’s operating revenue rises 29% YoY in H1 FY26, but operating loss widens 10-fold
Meesho's operating revenue climbed 29% to Rs 5,577 crore in H1 FY26, yet its EBITDA loss surged significantly due to increased investments. Despite this, net loss narrowed substantially. The platform saw a robust 44% jump in Net Merchandise Value. With its IPO set for December 3, the company aims to raise Rs 4,250 crore.
IPO-bound Meesho in spat with AWS over Rs 127 crore in unpaid cloud bills
Ecommerce platform Meesho is facing an arbitration case with Amazon Web Services (AWS) over alleged non-payment of Rs 127.45 crore in invoices. Meesho disputes the claim, citing service deficiencies and has filed a counterclaim for Rs 86.49 crore due to business disruption and migration costs.
Meesho records 120 crore customer visits during the festive sale
Meesho, an e-commerce marketplace, experienced a successful festive sale with 120 crore customer visits and more than 72 orders per second across various categories. The company saw 1.6 crore new app installs and witnessed significant growth for small businesses. Meesho's branded products offering, Meesho Mall, had a threefold increase in orders compared to regular days
Meesho says logged first monthly profit after tax in July
In a statement on Monday, the Bengaluru-based firm, which is backed by SoftBank and Meta, said that it has seen its order volumes surge by about 43% and revenues shoot up 54% over the last 12 months.
Ecommerce startup Meesho cuts 15% workforce; layoffs amount to 251 employees
CEO Vidit Aatrey tells staff firm made judgment errors in over hiring, now aligning people cost with new biz projections
Made judgement errors in over-hiring: Meesho CEO Vidit Aatrey after announcing layoffs
Meesho joins a growing list of Indian startups that have been downsizing their employee amid a larger reset in the technology industry globally.
Meesho losses surge 7.5X to Rs 3,247 cr in FY22 as expenses rise
Unlike the big ecommerce players, Meesho does not charge sellers a commission on the sale of merchandise. It makes money by charging an advertising fee.
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