Softbank-backed Meesho Files for ₹4,250 Crore IPO, Set to Be India’s First Horizontal Marketplace Listing
Bengaluru-based e-commerce platform Meesho has submitted an updated draft red herring prospectus to SEBI, aiming to raise ₹4,250 crore through a fresh equity issue. The offering includes an OFS component of 17.56 crore shares, providing exit avenues for early investors like Elevation Capital and Peak XV Partners.
Upon listing, Meesho will become India's first large-scale horizontal e-commerce player to go public, following niche operator Nykaa's 2021 debut. Proceeds will fund cloud infrastructure upgrades, AI/ML development, and marketing initiatives through subsidiary Meesho Technologies.
The platform connected 500,000 sellers with 199 million annual transacting users in FY25, processing 1.8 billion orders. User growth remains robust at 28% YoY, reaching 213 million transacting customers over the past twelve months.
