New Delhi: Indian e-commerce platform Meesho is preparing to raise about $484 million (₹4,250 crore) through a fresh issue of shares in its much-anticipated initial public offering (IPO), marking one of the country’s biggest tech listings this year.
According to filings with the Securities and Exchange Board of India, existing investors including Elevation Capital, Peak XV Partners, and Venture Highway will also sell about 175.7 million shares through an offer for sale. The total IPO size, combining the fresh issue and the offer for sale, is expected to reach between $700 million and $800 million.
Meesho, founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, has become a major player in India’s online retail space, especially among small businesses and individual sellers in non-metro areas. The company’s user-friendly model has helped it grow rapidly, with an expanding share in categories such as home, kitchen, and furnishings.
The Bengaluru-based firm has shown significant financial improvement, narrowing its losses to ₹1.08 billion in the year ending March 2025, compared with ₹3.15 billion the previous year. Its revenue for the same period reached nearly ₹9,000 crore. Meesho’s gross merchandise value also continues to rise, reflecting steady consumer demand across India’s digital marketplaces.
The company is targeting a valuation between $5.5 billion and $6.5 billion and is expected to list its shares on Indian exchanges by December 2025. Leading investment banks including Kotak Mahindra Capital, Morgan Stanley, Citi, and Axis Capital are managing the offering.
Industry analysts say Meesho’s IPO could become a benchmark for India’s booming digital economy. With the country’s IPO market showing strong momentum this year, Meesho’s public debut is seen as a test case for other tech startups seeking to tap investor confidence.
The proceeds from the fresh issue will be used to enhance technology infrastructure, strengthen marketing and brand initiatives, and expand operations. As competition intensifies from global players like Amazon and Flipkart, Meesho’s market performance after listing will be closely watched by investors and industry observers alike.