Meesho files for IPO, aims to raise $800 million
Meesho just got the green light from SEBI to go public, aiming to raise $700-800 million.
The IPO will include a fresh issue of about $480 million and an offer for sale worth $250-300 million, with a total valuation expected around $7-8 billion.
Founders and early investors like Peak XV Partners, Elevation Capital, Venture Highway (now part of General Catalyst), and Y Combinator will also be selling some of their shares. Promoters Vidit Aatrey and Sanjeev Barnwal will also sell shares as part of the OFS.
What does Meesho do?
Started in 2015 and based in Bengaluru, Meesho is a social commerce platform that lets small businesses and resellers advertise and connect with customers via Facebook, WhatsApp, and more.
With its 0% commission model, it's made selling online more accessible, now boasting over 110 million daily listings in categories like fashion and beauty.
Financials and future plans
Meesho pulled in ₹7,615 crore revenue in FY24 but is still chasing profitability—net losses rose to ₹3,941 crore in FY25.
Still, order volumes are up and the company plans to use IPO funds for tech upgrades and brand building as it keeps growing.