Meesho files for ₹4,250 crore IPO amid booming listing scene
Meesho, the Bengaluru-based e-commerce platform, is going public with a plan to raise ₹4,250 crore (about $484 million) through its IPO.
The offering includes a fresh issue of shares plus a big sell-off from early investors like Elevation Capital and Peak XV Partners, who are offloading up to 175.7 million shares.
This comes as India's IPO scene is buzzing, with up to $8 billion in new listings expected in the final quarter of 2025.
Meesho's growth story and market position
Meesho helps small businesses reach budget-focused shoppers, especially in India's smaller cities and towns.
Competing with giants like Flipkart and Amazon, Meesho has carved out a solid 23-25% share of the home, kitchen, and furnishing market by gross merchandise value.
Its focus on small-town and value-conscious consumers has helped it grow faster than the overall e-commerce sector.
Financials and future plans
Meesho's consolidated loss before exceptional items and tax narrowed to 1.08 billion rupees in the financial year ended March 30, 2025, from a 3.15 billion rupee loss a year ago (FY24).
Money from the IPO will go into cloud tech, AI projects, and expanding operations, all aimed at making Meesho an even stronger player against bigger rivals.