Meesho's IPO pops 46% on debut, draws huge investor buzz
Meesho just hit the stock market with a bang—its shares opened at ₹162.50, soaring 46% above the ₹111 issue price.
The IPO was a hot ticket, giving Meesho a market capitalization of ₹780 billion (around $8.69 billion).
What does Meesho actually do?
Launched in 2015, Meesho began as a WhatsApp-based platform helping small-town sellers reach new shoppers.
Now, with 234 million users and over 700,000 sellers, it stands out by making online shopping affordable and accessible across India's smaller cities—taking on giants like Flipkart and Amazon.
Quick facts:
The IPO raised $606 million (approximately ₹5,421 crore). Early backers like Elevation Capital sold some of their stake, but big names like SoftBank and Fidelity are sticking around.
Revenue is up 29% for the six-month period year-over-year—even though losses have grown too—putting Meesho firmly among India's rising tech stars.