- By Shreyansh Mangla
- Sat, 28 Jun 2025 07:23 PM (IST)
- Source:JND
Meesho IPO: Meesho, a prominent Indian e-commerce company headquartered in Bengaluru, has received a nod from the Securities Exchange Board of India (SEBI) to bring an IPO. With the SEBI approval, Meesho will soon bring an IPO of Rs 4,250 crore. Meesho, which is an acronym for “Meri-Shop”, was founded in December 2015 by Vidit Aarey and Sanjeev Barnwal and became one of India’s fastest growing internet commerce platforms.
The company had completed its domicile transfer from the US to India last week. It will now file for an IPO DRHP (Draft Red Herring Prospectus) through a complex route proposed by SEBI. The company had raised USD 250 million from investors in its previous rounds.
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Meesho shareholders approve of Rs 4,250 crore IPO
The shareholders of Meesho had received an approval from its shareholders to launch an IPO. According to documents filed, the platform wants to raise Rs 4,250 with the Registrar of Companies. "The proposed offer will consist of fresh equity shares of up to Rs 4,250 crore and an offer for sale of equity shares by certain existing shareholders of the company," said Meesho in the filing.
Shareholders of Meesho have planned to appoint founder Vidit Atre as the chairman and a managing director of the company. Many big investors have stakes in Meesho, such as elevation Capital, Peak XV Partners. Each of them holds about 13 per cent to 15 per cent shares in the company.
New Reduced Valuation
Meesho’s funding ranged from 250 million USD to 270 million USD. The company is valued at 3.9 billion USD after this funding. This has been adjusted from a previous valuation of USD 4.9 billion after the funding round. With this IPO, Meesho will become the first startup based on horizontal e-commerce category or "one-stop shops" to be listed on the stock exchanges in India.
Its other competitor, Walmart-owned Flipkart, is also expected to launch an IPO soon, most probably next year. But before bringing the IPO, it will have to shift its headquarters from Singapore to India.
