March 24, 2025
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Meesho plans $1 billion IPO at valuation of $10 billion
SoftBank-backed Meesho, the rapidly growing homegrown e-commerce platform, is preparing for a public listing later this year, with plans to raise approximately $1 billion through an Initial Public Offering (IPO).
Sources close to the company have revealed that Meesho is making significant progress in its IPO plans, having already selected Morgan Stanley, Kotak Mahindra Capital, and Citi as its advisers.
If Meesho successfully goes public in 2025, it would surpass its larger rival, Walmart-owned Flipkart, which has long dominated the Indian e-commerce market. While Flipkart, founded in 2007, is also preparing for an IPO, it is waiting for its parent company to finalize a timeline for the market debut.
Meesho, which is targeting a valuation of $10 billion, is set to raise $1 billion through its IPO, according to sources. Additionally, talks suggest that JP Morgan may also join the IPO syndicate as discussions progress.
Meesho is expected to file its draft documents in the coming weeks and aims for a listing on the stock exchanges around Diwali, which falls in the September-October period this year.
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