Meesho, the value e-commerce platform, experienced a significant increase in losses although its revenue showed strong growth, which demonstrates the different factors that drive India’s startup ecosystem. The new fintech startups enable Indian users to make international investments while established organizations work to enhance the market presence of traditional crafts in urban areas.
Meesho Reports Higher Losses Alongside Revenue Growth
Meesho, which operates from Bengaluru, reported a consolidated loss of ₹490 crore in its latest quarter because its losses grew from ₹37 crore during the same period last year, although its operating revenue increased by 31% compared to the previous year. This marks the company’s first quarterly performance since listing.
The operating revenue increased from ₹2,678 crore to ₹3,517 crore during the last twelve months while the business experienced a 14% growth in revenues which matched its previous quarter revenue of ₹3,073 crore.
Meesho experienced increasing losses but the company achieved a positive free cash flow of ₹56 crore during the last 12 months because of its increased Net Merchandise Value (NMV). The company achieved an NMV of ₹10,995 crore during Q3 FY26 which showed a 26% increase from the previous year despite some festive demand moving to the earlier quarter because Diwali occurred during mid-October.
Meesho has increased its investment in Valmo which operates its internal logistics system because Valmo currently manages about 60% of all platform shipments. The company received approval from the Ministry of Corporate Affairs to incorporate a new unit, Valmo Transportation Private Limited, with an initial investment of ₹15 crore.
Paasa Aims to Simplify Overseas Investing for Indians
The Gurugram-based startup Paasa simplifies overseas investing for Indian investors who want to invest in global markets by decreasing the amount of documentation and regulatory requirements that need to be fulfilled.
Digital wealth management platform Paasa enables users to invest in global equities and ETFs and dollar-denominated assets which the company launched in 2024 after its founders Nitish Sahni and Sparsh Sharma established the business. The platform offers three core investment strategies—global index tracking, high-growth equity, and quality dividend portfolios—along with guidance on tax efficiency, Liberalised Remittance Scheme (LRS) compliance, and RBI reporting.
Paasa has raised $750,000 in seed funding through its Y Combinator backing and now operates a platform which provides services to 1,700 users who have entrusted the company with $19 million in managed assets. The startup plans to expand its offerings to include multi-currency bank accounts, bond investments, and cash management solutions, while also growing its presence across international markets.
Dastkari Haat Samiti Marks 40 Years of Promoting Indian Crafts
Dastkari Haat Crafts Bazaar will come back once again to cities of India when it celebrates its 40th anniversary which discovers the establishment of Dastkari Haat Samiti. This non-profit organization has transformed the presentation and marketing methods used for Indian handicrafts.
Dastkari Haat established a new way for people to see crafts when it opened its first location in 1980 because it brought artisans into cities. The bazaars provide a space to craftspeople which they use to display their work and demonstrate their production methods while directly selling their products to customers. The company maintains its original business practices which it established when it first began operations.
The initiative has helped increase the value of handmade products while providing artisans throughout the country with equitable earnings and increased recognition of their work.
