Meesho is making a significant move in the direction of going public. The business has filed draft documents for its initial public offering (IPO) in trust. It hopes to raise about Rs. 4,250 crores by issuing new shares. Meesho's $3.9 billion valuation as of March indicates that investors have high faith in the platform's growth and business potential.
| IPO launch & subscription |
Likely September–October 2025 |
| DRHP filing |
Submitted confidentially (early July 2025) |
| SEBI review & public DRHP |
Possibly by August/September |
| Face Value |
Rs. {*} per share |
| Listing debut |
Around Diwali season |
| Listing at |
NSE, BSE |
| Issue Type |
Bookbuilding IPO |
| Filed with SEBI/Exchange |
Wed, Jul 2, 2025 |
*To be decided
Founded in 2015, Meesho, one of India's fastest-growing e-commerce platforms, operates from its headquarters in Bengaluru. It was founded with the specific goal of making web selling simple and inexpensive for all people, particularly small enterprises and new business owners. Meesho has developed a unique platform that allows sellers to reach millions of customers without the usual challenges or expensive costs of opening an online store. It harnesses the power of social commerce.
The platform facilitates direct communication between suppliers and consumers as well as an extensive network of resellers who advertise products on social media platforms like Facebook, Instagram, and WhatsApp. These third-party sellers provide a low-risk, high-opportunity ecosystem for startup entrepreneurs in exchange for commissions on each sale.
Meesho is the first e-commerce platform in India to eliminate seller fees, and one of its most revolutionary innovations is its 0% commission model. With more than 110 million active listings every day in various categories, which include beauty, baby care, home & kitchen, fashion, and more, Meesho has grown into a launching pad for innumerable digital-first sellers nationwide.
Meesho’s Financial Trajectory
Meesho reported operating revenue of ₹7,615 crore in FY24, an increase of 33% compared to ₹5,735 crore in FY23. With adjusted losses [excluding Employee Stock Ownership Plans (ESOP) costs] falling 97% to just ₹53 crore from ₹1,569 crore the year before, the company also made notable progress towards profitability. Notably, Meesho generated ₹197 crore during the fiscal year, making it the first horizontal e-commerce platform in India to achieve positive free cash flow. With yearly transacting users reaching about 187 million and total orders increasing by 34% to about 1.3 billion, user engagement also saw significant growth.
Leadership and Board Realignment
As part of its IPO preparations, Meesho has reorganised its board to improve its administration and strategic direction. The promotion of co-founder and CEO Vidit Aatrey to the position of Chairman and Managing Director demonstrates strong founder-led leadership. Representatives from SoftBank and Prosus have resigned, but institutional investors Elevation Capital and Peak XV Partners continue to hold board seats. Meesho's changing priorities are apparent in the updated board composition, which should boost investor confidence as the business moves into its next stage of development.
Though pre-IPO is a very exciting way of venturing into investment, it is done on startups that may or may not have a track record; hence, it is important to evaluate and invest accordingly.