Meesho

Still believe data is the new gold? Think again. Firms across Asia are discovering that turning legacy data into an AI app is harder than it looks.

The India-based ecommerce company reported a 48% year-on-year increase in quarterly revenue in Q1 FY2027.

Vidit Aatrey, co-founder and CEO of Meesho, says you should kill your winning products before the market does.

Thiagarajan said Shopsy delivers to more than 20,000 pin codes and has logged over 450 million app downloads.

Meesho reported net merchandise value of 113.7 billion rupees (US$1.2 billion) in Q4FY26, up 43% year on year.

The order relates to alleged non-collection of tax collected at source on some seller transactions made outside the platform in 2020.

The firm added the order did not have any major adverse impact on its financial position or operations.

Meesho said it had earlier faced a similar notice and that a prior demand of 572 crore rupees (US$62.21 million).

The lock-in expiry has raised concerns about increased share supply in the short term, analysts said.

The ecommerce platform, backed by SoftBank, debuted last week in Mumbai after raising US$603 million and now holds a valuation near US$11 billion.