Meesho

Meesho, one of India’s fastest-growing e-commerce platforms, is set to open its initial public offering on December 3, aiming for a valuation of nearly USD 5.6 billion (approximately Rs. 46,500 crore). The public issue marks a pivotal moment for India’s digital-first retail ecosystem, as the company seeks to convert its extensive user base and asset-light model into long-term shareholder value.

In a strategic move reflecting growing maturity among Indian startups, e-commerce platform Meesho—backed by global tech investor SoftBank—has confidentially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). This decision follows a resolution passed during its Extraordinary General Meeting on June 25, paving the way for an Initial Public Offering (IPO) aimed at raising at least Rs. 4,250 crore. By choosing the confidential filing route, Meesho seeks greater regulatory flexibility and additional time to fine-tune its public market entry.

SoftBank-backed e-commerce company Meesho has officially shifted its corporate domicile from Delaware to India, merging its US entity with its Indian arm. Approved by the National Company Law Tribunal in Bengaluru, this strategic move is designed to streamline the company’s path toward an initial public offering (IPO) in India. Following the merger, the Indian entity’s name was changed to Meesho Private Limited, signaling a renewed focus on solidifying its presence as a leading Indian e-commerce platform.

SoftBank-backed e-commerce entity Fashnear Technologies has officially rebranded as Meesho Pvt Ltd, signaling a strategic move as it prepares for its forthcoming initial public offering (IPO). This renaming, effective May 13, 2025, aims to consolidate the company’s brand identity under its widely recognized marketplace name. Meesho stands out as the first Indian horizontal e-commerce platform to report profitability and generate positive free cash flow, with Rs 197 crore for fiscal year 2024.