India, Feb. 2 -- Ecommerce major Meesho's shares continued to slide for the second straight session today after the company reported a sharp widening of losses in Q3 FY26 on Friday.

The stock ended today's trading session at INR 157.05 on the BSE, down 4.99% from the previous close.

The company's loss widened 13X to INR 490.7 Cr in the December quarter (Q3 FY26) from INR 37.4 Cr in the year ago period. Its operating revenue however, grew 31% YoY and 14% QoQ to INR 3,517.6 Cr

The widening losses were largely driven by the scale-up of its in-house logistics arm, Valmo, undertaken to offset the void created by the Ecom Express acquisition.

In its earnings call, the company's management noted that a "large 3PL partner" abruptly exited the...