Bengaluru, Jan. 30 -- E-commerce marketplace Meesho Ltd's net loss widened to Rs.490 crore in the December quarter from Rs.37 crore in the same quarter last year, as increased spending on logistics and technology pushed up costs.

The firm's revenue from operations grew 31% to Rs.3,517 crore, while expenditure surged to Rs.4,071 crore from Rs.2,822 crore in the year-ago period.

The Bengaluru-based company expanded its logistics network under Valmo, resulting in temporary inefficiencies such as under-utilized routes, redundant nodes, and longer delivery distances. A one-time restructuring cost on this count in the quarter dented contribution margin by 2.3%, Meesho said in a shareholder letter on Friday.

Contribution margin is a metric th...