Meesho IPO: E-Commerce Giant Gets Shareholder Nod to Raise Rs 4,250 Crore – Check Details

E-commerce startup Meesho has received formal approval from its shareholders to raise Rs 4,250 crore (around $500 million) through an Initial Public Offering (IPO). The approval came during an Extraordinary General Meeting (EGM) held on June 25, 2025. The company confirmed this development in regulatory filings submitted to the Registrar of Companies on June 27.

The proposed IPO will consist of a fresh issue of equity shares as well as an Offer for Sale (OFS) from existing shareholders. This move positions Meesho among India's key startup players ready to tap public markets for future growth.

Next Step: Filing DRHP with SEBI

Meesho's next major move is to file its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). According to reports, the company plans to use the confidential filing route.
While the exact size of the IPO, including both the primary issue and the OFS, will be finalized closer to the DRHP submission, it is expected that the total fundraising could reach up to Rs 8,500 crore.

Leadership Appointment Ahead of IPO

In preparation for its public listing, Meesho's shareholders also approved the appointment of CEO and co-founder Vidit Aatrey as Chairman and Managing Director. This leadership appointment is aimed at ensuring strong governance as the company transitions from a private entity to a publicly traded firm.

Meesho Moves Headquarters Back to India

Another major step in Meesho's IPO journey is the shift of its legal domicile from the United States to India. The startup merged its Delaware-registered entity, Meesho Inc., with its Indian counterpart, Fashnear Technologies Pvt. Ltd., which has now been renamed Meesho Private Limited. This restructuring was approved by the National Company Law Tribunal (NCLT) on May 27 and formalized with a name change certificate issued on May 13, 2025.

Investor and Market Outlook

Meesho has several well-known investors, including Elevation Capital, Peak XV Partners, Prosus, and SoftBank. These firms hold a significant share in the company, with stakes between 10% and 15%. Meesho also raised $550 million in a previous funding round, which valued the company at around $3.9 billion.

Over the last year, Meesho has seen strong growth. The platform processed more than 1.8 billion orders in FY25, a 37% rise from the previous year of 1.3 billion orders. Its revenue jumped from Rs 3,240 crore in FY22 to Rs 7,615 crore in FY24.

The company also reduced its losses sharply, from Rs 3,248 crore to just Rs 305 crore. This sharp rise in orders shows Meesho's growing popularity and strong position in the affordable online shopping space across India.

About Meesho

Meesho is an e-commerce company based in Bengaluru, India. It was started in December 2015 by Vidit Aatrey and Sanjeev Barnwal. Meesho is an online platform that connects sellers with buyers, making it easier for them to do business. The company offers products in various categories, including fashion, home and kitchen items, beauty and personal care, electronic accessories, and everyday essentials.