Agarwal joined Meesho in 2020 and took over as CXO, business in October 2023 after succeeding Utkrishta Kumar; the company has not disclosed reasons for her resignation or named a successor.
Aatrey, in an interview with Moneycontrol, said emerging markets consistently reward affordability-led ecommerce models, adding that Meesho’s momentum has strengthened even as rapid-delivery players expand across categories.
After a decade of pivots, disciplined execution and sustained cash-flow strength, Meesho’s leadership says the company is entering public markets from a position of clarity and confidence, adding that it will continue prioritising long-term growth, affordability and customer focus over external benchmarks.
Meesho co-cfounder and CEO Vidit Aatrey recalled that the company's journey began not in corporate boardrooms, but on the ground in Bengaluru's Koramangala.
Meesho Founder and CEO Vidit Aatrey said the company's app downloads reached around 1.5 crore ahead of the sale and the number of purchase orders has doubled on the first day of the sale on Friday as compared to that of the previous season
Meesho has not achieve operational profitability (EBITDA positive) in any of the quarters since at least the end of 2022, the documents showed.
Meesho and Accel had also engaged with each other in the past months but those talks have not fructified. This is the second instance where an early backer of Flipkart has shown interest in Meesho. Tiger Global is the other.
Utkrishta Kumar to leave by January; current CXO, growth, Megha Agarwal to be his replacement
The panelists in growth vs profit debate recognized the crucial role that growth plays in achieving success, especially in competitive markets.