June 29, 2025
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Meesho Gears Up for Blockbuster Rs.4,250 Cr IPO, Eyes Historic Debut as India’s First Horizontal E-commerce Listing
Bengaluru-based e-commerce marketplace Meesho is charging ahead with plans for a ₹4,250 crore (approximately $500 million) initial public offering (IPO), after securing shareholder approval to go public via the confidential filing route.
At a recent extraordinary general meeting, shareholders greenlit the fresh issue of equity shares, as well as an offer for sale (OFS) by existing investors. The IPO marks a key milestone in Meesho’s journey, especially following its recent domicile shift from the US to India, signaling strong confidence in Indian capital markets.
Confidential Route, Big Ambitions
Meesho plans to file its draft red herring prospectus (DRHP) confidentially with market regulator SEBI—a strategic move adopted by several high-profile startups to test the IPO waters before going public with financials.
In a parallel move, Meesho’s board confirmed the elevation of co-founder Vidit Aatrey to a trifecta leadership role: chairman, managing director, and CEO.
Backed by Global Heavyweights
The company boasts a strong bench of backers including Elevation Capital, Peak XV Partners, and Prosus (each holding 13–15%), and SoftBank, which owns nearly 10%. Other prominent investors include WestBridge Capital and Fidelity.
Meesho has also sweetened the pot for its team, expanding its 2024 Employee Stock Option Plan (ESOP) by 1.1 million options, taking the total pool to 7.5 million shares.
Surging Growth and Market Impact
According to a recent investor presentation by Prosus, Meesho processed a staggering 1.8 billion orders in FY25, a robust 37% jump from 1.3 billion orders in FY24—a clear sign of its growing dominance in the Indian e-commerce landscape.
The company is now set to make history as India’s first horizontal e-commerce platform to go public, a title that sets it apart from vertical and niche players. Rival Flipkart, meanwhile, is also realigning its corporate structure for an Indian IPO slated for next year.
IPO Season Heats Up in India
Meesho’s move adds to a growing list of new-age Indian startups preparing for market debuts. Among them are Groww, Pine Labs, PhysicsWallah, Urban Company, Shiprocket, Boat, Wakefit, and Capillary Technologies. Additionally, Lenskart and Shadowfax are also expected to file soon, signaling a wave of digital-first IPOs in the coming quarters.
As Meesho positions itself for a public debut, its IPO is set to be one of the most closely watched listings in India’s tech ecosystem—possibly reshaping the trajectory for consumer internet companies in the country.
