Meesho vs Flipkart: revenue, valuation and funding compared
The short answer
Flipkart reported the highest revenue, ₹1,45,880 crore in FY26, against Meesho ₹12,626 crore in FY26. Meesho and Flipkart reported a loss.
Meesho and Flipkart are two of India's largest online marketplaces. Meesho is a zero-commission marketplace that connects small sellers with value-seeking shoppers, mostly outside the biggest cities, and it is listed. Flipkart is a Walmart-owned marketplace for phones, electronics, fashion, furniture and groceries, with a quick-commerce service called Minutes and a logistics arm, Ekart. People compare them because they compete for the same online shoppers across India.
The latest year in both profiles is FY26, the year to March 2026, but the figures are not the same kind. Meesho's FY26 and FY25 numbers are consolidated operating revenue and net loss. Flipkart's FY26 figure is consolidated group revenue from operations. Its FY25 and FY24 rows are for Flipkart India Pvt Ltd, a different entity from the FY26 group figure, so they should not be read as a growth trend. Every number on this page comes from the two StopDown profiles.
Side by side
| Meesho | Flipkart | |
|---|---|---|
| Founded | — | 2007 |
| Based in | — | Bengaluru |
| What it sells | Zero-commission online marketplace for small sellers and value-seeking shoppers | Walmart-owned Indian online marketplace and quick commerce player |
| Status | Listed | Private |
| Revenue, latest year | ₹12,626 crore FY26 | ₹1,45,880 crore FY26 Bigger |
| Revenue, year before | ₹9,390 crore FY25 | ₹82,787.3 crore FY25 Bigger |
| Growth | +34% (FY25 to FY26) | +76% (FY25 to FY26) |
| Net profit (loss), latest year | ₹1,357.7 crore loss FY26 | ₹8,468 crore loss FY26 |
| Last disclosed valuation | — | — |
| Total raised | — | — |
| Last round | IPO, ₹5,421 crore, | — |
| Profile | Meesho on StopDown | Flipkart on StopDown |
Scale
Flipkart is far larger. Its FY26 group revenue from operations was ₹1,45,880 crore, against ₹12,626 crore of operating revenue for Meesho in the same year. For the earlier entity, Flipkart India Pvt Ltd reported ₹82,787.3 crore in FY25 and ₹70,541.9 crore in FY24.
Meesho's operating revenue was ₹9,390 crore in FY25, and its revenue for the September 2026 quarter was ₹4,132 crore, up 34% from a year earlier. The Flipkart profile carries a seller count of 1.4 million active sellers in 2026, citing Business Standard, and no seller count for Meesho.
Money
Both lose money. Meesho's consolidated net loss narrowed to about ₹1,357.7 crore in FY26 from ₹3,942 crore in FY25, and its September 2026 quarter loss was ₹132 crore. Flipkart's FY26 group net loss was ₹8,468 crore. Its FY25 and FY24 losses, ₹5,189 crore and ₹4,248.3 crore, belong to Flipkart India Pvt Ltd and come from Tofler data, not labelled net loss.
Meesho raised ₹5,421 crore in its IPO, a mix of fresh shares and shares sold by holders such as Elevation Capital and Peak XV Partners. The Flipkart profile lists no funding rounds, and neither profile carries a valuation. This page makes no comment on Meesho's share price.
Where they are heading
Flipkart's plans centre on quick commerce and new formats: in September 2026 it released a beta standalone Minutes app in Delhi NCR and began testing an Eat In food delivery service with Bengaluru employees. Its IPO is reported to be delayed to 2028. Meesho completed the first two payment stages of buying 92.74% of Kirana Club and Retail Pulse Labs in November 2026 for about ₹186.71 crore, and has built its own logistics arm, Valmo, to lower delivery costs in smaller towns.
The numbers behind the table
Meesho: revenue and profit by year
| Year | Revenue | Profit or loss | Note |
|---|---|---|---|
| FY26 | ₹12,626 crore | ₹1,357.7 crore loss | consolidated, operating revenue, net loss |
| FY25 | ₹9,390 crore | ₹3,942 crore loss | consolidated, operating revenue, net loss |
Flipkart: revenue and profit by year
| Year | Revenue | Profit or loss | Note |
|---|---|---|---|
| FY26 | ₹1,45,880 crore | ₹8,468 crore loss | consolidated group revenue from operations; the standalone Flipkart Internet figures are different |
| FY25 | ₹82,787.3 crore | ₹5,189 crore loss | Flipkart India Pvt Ltd consolidated, revenue from operations; loss as reported from Tofler data, not labelled net loss; a different entity from the FY26 group figure |
| FY24 | ₹70,541.9 crore | ₹4,248.3 crore loss | Flipkart India Pvt Ltd consolidated, revenue from operations; loss as reported from Tofler data, not labelled net loss |
Meesho: funding rounds
| Date | Round | Amount | Investors |
|---|---|---|---|
| IPO | ₹5,421 crore | Fresh issue plus offer for sale by existing shareholders such as Elevation Capital and Peak XV Partners |
Questions people ask
Which is bigger, Meesho or Flipkart?
Flipkart, by a wide margin. Its FY26 group revenue from operations was ₹1,45,880 crore, against ₹12,626 crore of operating revenue for Meesho in FY26. Both figures are consolidated.
Is Meesho profitable?
No, not in its latest full year. Meesho reported a consolidated net loss of about ₹1,357.7 crore in FY26, narrower than ₹3,942 crore in FY25. Flipkart's FY26 group net loss was ₹8,468 crore.
Who founded Meesho and who owns Flipkart?
Meesho was started by Vidit Aatrey and Sanjeev Barnwal. Flipkart was co-founded in 2007 by Sachin Bansal and Binny Bansal, and Walmart is its majority owner, though the profile does not give the percentage.
Which has raised more money?
Meesho's profile records a ₹5,421 crore IPO, made up of fresh shares and shares sold by existing holders. Flipkart's profile lists no rounds, so the two cannot be ranked on money raised here.
Every figure on this page comes from the companies' StopDown profiles, which list the filing or statement behind each number: Meesho, Flipkart. Revenue is revenue from operations unless the note says otherwise; valuations are as disclosed at a round or by the company; nothing here is investment advice. How StopDown counts.