E-Commerce

Eternal Ltd. posted a net profit of Rs. 25 crore for the first quarter of FY2025, reflecting a decline compared to the same period last year. The dip in profitability highlights the challenges faced by the company amid evolving market conditions, inflationary pressures, and potentially shifting input costs. While the firm continues to maintain operational stability, the contraction in bottom-line performance may prompt a strategic reassessment of cost structures and growth plans.

Meesho, the Bengaluru-based e-commerce startup backed by Japanese investment giant SoftBank, has initiated a confidential filing with India’s Securities and Exchange Board (SEBI) for an initial public offering (IPO). The company, known for its asset-light, social commerce model, intends to raise at least Rs. 4,250 crore through the offering. By leveraging SEBI’s pre-filing confidentiality provision, Meesho aims to maintain strategic discretion while navigating fluctuating market conditions.