The What: Indian e-commerce startup Meesho has reported its first profit and is considering a stock market listing in the next 12-18 months.

The Details: Following continuous losses since 2015, Meesho turned a profit for the first time. The company’s revenue from January to June exceeded $400 million, with expectations of reaching $800 million by year’s end.

The Why: Despite the funding challenges facing Indian startups, Meesho’s profitability has positioned it for an IPO within the next 12-18 months, as a senior company executive stated.