Meesho finalizes reverse flip, plans IPO filing

Business Jun 23, 2025

Meesho, the e-commerce platform backed by SoftBank, has officially switched its base from the US to India.
With this move approved by its board, Meesho is now set to file for its IPO in just a few weeks—a big step for the company and a sign of confidence in India's market.

Meesho bets big on India

Meesho joins other startups like Groww and Razorpay in bringing their companies home ahead of public listings.
The company recently raised $550 million, boosting its valuation to nearly $4 billion and giving it more muscle for the IPO.
While Meesho will pay around $280-300 million in US taxes because of this shift, it's clearly betting big on India—just like Flipkart, which also plans an Indian IPO soon.