Meesho aims to raise ₹4,250 crore through the fresh issue, and public shareholders will be selling 105.5 million equity shares through an offer-for-sale
IPO-bound Meesho has swung to positive free cash flow in FY25, with analysts crediting its no-inventory, no-logistics, asset-light model for driving margins, capital efficiency and rapid scale
The IPO-bound e-commerce firm is expanding its low-cost platform as India's online retail sector heads for 20% annual growth
Flipkart's festive-season growth is being powered by sellers from smaller cities such as Surat, Meerut, and Lucknow, marking the deepening reach of India's digital commerce ecosystem.
As many as seven companies, including Softbank-backed e-commerce firm Meesho and Temasek-backed e-commerce enablement platform Shiprocket, have secured Sebi's approval to raise funds through initial public offerings (IPO), an update with the markets regulator showed on Monday. Others that received regulatory approval are Rajputana Stainless, Skyways Air Services, German Green Steel and Power, Allied Engineering Works, and Manika Plastech. All seven companies, which filed their preliminary IPO papers with Sebi between May and July, obtained its observations during October 14 to 31, the update showed. In regulatory terms, Sebi's observation is equivalent to clearance for launching a public issue. The approval comes at a time when the Indian market is experiencing a boom in primary market activity. Meesho's proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 4,250 crore and an offer for sale (OFS) of 17.57 crore equity shares by certain existing shareholders.
E-commerce firm's revised Sebi filing details equity structure and investor stake sales via offer for sale, as it targets a December market debut
Shoppers spend 117 mn hours; prepaid orders up 57%, seller count and Tier-4 growth soar ahead of Diwali
The much-awaited festive sale is here, we're all excited about it. But consider this a reminder that not all discounts displayed on the screen are authentic; some may be fake.
Meesho recorded 240 million visits and Shopsy saw 70% of orders from tier-3 towns as India's festive e-commerce battle shifts to smaller cities and value shoppers
Venture capital firm Good Capital has closed its second fund at $30 million, aiming to back AI-driven startups after supporting companies like Meesho, Orange Health, and LEAD School
Meesho will create 12 lakh seasonal jobs across its seller and logistics network ahead of the festive season, with most roles coming from tier-3 and tier-4 cities
E-commerce platform Meesho files confidentially for a Rs 4,250 crore IPO, as it seeks a September debut and challenges Flipkart and Amazon's market dominance.
Last month, the NCLT approved Meesho's move to shift its HQ from Delaware to India, a step seen as key to its long-awaited listing and corporate restructuring
SoftBank-backed Meesho has received shareholders' approval to raise up to Rs 4,250 crore through an initial public offering, according to the company's regulatory filing. The resolution for IPO was passed in the Extraordinary General Meeting on June 25, the filing by the e-commerce company said. According to the filing dated June 27, the shareholders approved raising up to Rs 4,250 crore through issuance of fresh equities. The development comes after Meesho completed its domicile shift to India from the US. The shareholders also approved a change in designation of Meesho Co-Founder and CEO Vidit Aatrey as chairman and managing director of the company.
What does Meesho's insoucing of logistics mean for Delhivery and the whole logistics industry; Jefferies explain
What if we told you that some of India’s top startups are writing massive tax cheques, just to move back home, some of them being Meesho and Razorpay?
E-commerce company to combine its US unit with its Indian business in a move that may cost $288 million in taxes; part of a growing trend of startups moving back to India before going public
Partnerships with major FMCG brands bring personal care staples like Dove, Gillette, and Himalaya to Meesho Mall as demand grows in price-sensitive Indian markets
Bengaluru hosts Prosus's inaugural Luminate forum as the firm strengthens its ties with India's tech ecosystem and explores AI, digital commerce, and frontier tech
Meesho's gains come as incumbent players such as Flipkart and Amazon have seen slight declines in market share, according to the CLSA report