Indian ecommerce platform Meesho demonstrated improved financial health in the second quarter of FY27 with a 34% revenue increase and a 68% reduction in net losses. Meanwhile, Info Edge announced the return of its founder, Sanjeev Bikhchandani, as CEO, replacing Hitesh Oberoi who transitions to a board role.
- Meesho's Q2 revenue up 34%, net loss narrows by 68%.
- Info Edge CEO Hitesh Oberoi to step down; founder Bikhchandani returns.
- Info Edge Q2 net profit grows 87%, driven by recruitment and real estate segments.
What happened
Ecommerce platform Meesho reported a 34% year-on-year increase in operating revenue, reaching Rs 4,131 crore in Q2 of FY27. Concurrently, its net losses shrank by 68% to Rs 132 crore as the company expanded its user base and transaction frequency. Meesho’s annual transacting users rose 21% to 284 million, with first-time buyers up 16% sequentially and sellers increasing by 60% year-over-year.
In parallel, Info Edge announced a leadership change with founder Sanjeev Bikhchandani resuming the role of CEO after 16 years. Hitesh Oberoi, who has led the company since 2010, will step down from executive duties but remain on the board as a non-executive director. Info Edge’s quarterly financials for July-September showed an 87% year-on-year increase in net profit to Rs 650 crore, supported by growth in recruitment and real estate verticals.
Why it matters
Meesho’s improved financial results highlight the strengthening ecommerce opportunity in India, driven by expanding customer engagement and broader seller network growth. The narrowed losses against rising revenues suggest a trajectory toward profitability amidst a competitive market and evolving consumer behavior, especially during the festive season which saw a 33% NMV growth year-on-year.
Info Edge’s decision to reinstate its founder as CEO may signal a strategic recalibration aimed at leveraging Bikhchandani’s vision and leadership experience to drive future growth. The company’s robust profit increase and revenue gains underscore its continued dominance in recruitment through Naukri.com and real estate via 99acres, both critical to India’s digital marketplace ecosystem.
What to watch next
Meesho is expected to see stronger year-on-year revenue growth in Q3 FY27, bolstered by a shifted festive sale calendar, though it remains cautious about macroeconomic headwinds. Monitoring how Meesho balances scaling its user base while managing expenses will be key to assessing its path to sustained profitability.
At Info Edge, the leadership transition raises questions about future strategic priorities and potential shifts in investment focus or business expansion under Bikhchandani’s leadership. Additionally, stakeholders will be watching how the company continues to capitalize on growth in its recruitment and real estate domains amid a competitive digital services landscape.