Whalesbook
Ahead of its Initial Public Offering (IPO), Meesho has become India's largest free cash flow (FCF) generator among scaled listed e-commerce companies for Fiscal Year 2025. The company's Last Twelve Months (LTM) free cash flow turned positive, reaching Rs 1,032 crore (including interest income) from a previous negative Rs 2,336 crore. This strong performance is attributed to its asset-light, capital-efficient business model, which allows for growth without extensive capital expenditure.