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CLSA starts Meesho at Underperform, flags monetisation limits in value commerce

CLSA initiated Meesho at Underperform with a Rs 150 target, citing difficulty monetising its low-income, value-commerce user base. It expects user growth but sees logistics and advertising as the only proven revenue levers amid intense payments, lending and content competition.

Newer report on another story , , Business Today : Meesho falls 6.9% after Nomura starts coverage with ‘reduce’ call

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Reported figures

From the report. Source details below

Implied downside: around 28% from Rs 207 share price
Y Combinator block-sale stake: 1.05%
Potential block-sale discount: up to 4%

Also in the report

  • Underperform rating
  • 274 million annual transacting users at end-FY26
  • 366 million projected annual transacting users by FY29
  • 440 million projected annual transacting users by FY35

The source

Source Read the source at NDTV Profit Published

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