Meesho hits $6.2 bn GMV run rate, to grow 26% annually till FY31: CLSA

E-commerce company Meesho has reached a gross merchandise value (GMV) run rate of $6.2 billion for FY25, solidifying its position as the country’s third-largest platform by GMV. A report by brokerage firm CLSA projects the company will grow at a 26 per cent compound annual growth rate (CAGR) through FY31.

CLSA expects Meesho to grow its share of India’s e-commerce market from 8.5 per cent to 10 per cent over the next six years, driven by strong adoption in smaller cities, a capital-light operating model, and a focus on affordability.

Meesho’s gains come as incumbent players such as Flipkart and Amazon have seen slight declines in market share, according to the CLSA report.