Meesho cuts cash burn by 90%

Bengaluru-based e-commerce company, Meesho has reduced its cash burn by 90% in the last one year. The move is in line with the company’s aim to become earnings before interest, taxes, depreciation and amortization (Ebitda) positive by the end of this year.

Not just that, the company also reduced its server cost per order by 50% over the last one year. The e-commerce firm is migrating a part of its digital assets and resources from AWS to Google Cloud.

Speaking to FE, Sanjeev Barnwal, co-founder and CTO, Meesho, said, “On the road to Ebitda profitability, we have reduced our cash burn by about 90% in the last one year.”