Indian E-Commerce Firm Meesho’s Quarterly Loss Spikes as It Ramps Up Marketing

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 Dec. 31, from a loss of 374.3 million rupees a year ⁠ago.

Meesho has carved out a niche for itself by offering low-priced products without charging ⁠sellers a commission, in a space that has majors such as…