Meesho's IPO: Raising up to ₹6,600cr by end of 2024
Meesho, the Indian social commerce platform, is gearing up for its IPO in December 2024.
The company plans to raise ₹5,800-6,600 crore through a mix of new shares and an offer for sale by existing investors.
If all goes as planned, Meesho will be the first homegrown horizontal e-commerce marketplace in India to go public.
What does Meesho actually do?
Started in 2015 by Vidit Aatrey and Sanjeev Barnwal, Meesho helps connect sellers with buyers across India—think affordable shopping powered by over 1.6 million sellers and more than 120 million monthly users.
With its zero-commission model, in-house logistics arm Valmo, and advanced AI systems, it ships nearly 1.83 billion orders a year to value-focused shoppers.
Where's the IPO money going?
Meesho plans to invest heavily in cloud tech (₹1,390 crore), marketing (₹1,020 crore), automation using AI, and maybe even some acquisitions.
Big early backers like Elevation Capital and SoftBank are selling some shares too. Major banks including Kotak and Morgan Stanley are managing the process.