Indian e-commerce firm Meesho's quarterly loss spikes as it ramps up marketing


Meesho logo is seen in this illustration taken August 7, 2023. REUTERS/Dado Ruvic/Illustration

Jan 30 (Reuters) - Indian e-commerce firm ‌Meesho's quarterly loss widened sharply in its first earnings report since its ‌blockbuster market debut in December last year, as costs rose.

The firm's ‌consolidated net loss widened 13-fold to 4.91 billion rupees ($53.44 million) for the quarter ended December 31, from a loss of 374.3 million rupees a year ago.

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