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Shareholders Clear ₹4,250 Cr Issue as Meesho Marches Toward IPO

by Ishaan Negi
June 28, 2025
in Business, Markets, News, Tech, Trending, World
Reading Time: 3 mins read
0
Meesho Secures $550 Mn in Fresh Funding Amid IPO and Expansion Plans

Credits: startupstars.in

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Meesho, the fast-growing e-commerce platform backed by marquee investors such as Prosus, SoftBank, Elevation Capital, and Peak XV, has officially received shareholder approval to raise ₹4,250 crore through a primary share issuance. The move signals the Bengaluru-based company’s intent to go public, joining a wave of high-profile Indian startups eyeing the capital markets.

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In this article, we’ll delve into the fundraising plan, the IPO structure, Meesho’s strategy, and how it fits into the broader startup IPO landscape.

<div class="paragraphs"><p>Meesho recently completed the process of shifting its domicile to India as part of its plan for a public listing in the country. (File photo. Source:&nbsp;Meesho/X)</p></div>

Credits: NDTV Profit

A Green Light for Growth

Meesho’s shareholders have given their nod to a substantial capital raise through the primary market. The fresh issue will not only provide the company with additional capital but will also be accompanied by an Offer for Sale (OFS)—a mechanism that allows existing investors to partially or fully exit.

According to regulatory filings with the Ministry of Corporate Affairs, the offer structure will be finalized at the Board’s discretion, and the company is also exploring the option of a private placement to select investors. The final use of proceeds from the fresh issue will be outlined in the offer documents.

Confidential DRHP Filing in Play

The company plans to file a pre-filed draft red herring prospectus (DRHP)—a confidential regulatory document submitted to the Securities and Exchange Board of India (SEBI) before the IPO becomes public.

This pre-filing route, introduced by SEBI in December 2022, allows companies to fine-tune their documents and protect competitive data before making their offer public. The DRHP becomes visible to the public only once the company decides to move ahead with the IPO launch.

With this move, Meesho joins the ranks of firms like Groww, Shiprocket, PhysicsWallah, Indira IVF, and Swiggy, all of which have recently chosen the confidential filing route. The strategy is becoming increasingly popular among Indian unicorns seeking greater control over their IPO narratives.

Shifting Base to India: A Strategic Move

Meesho recently completed the process of shifting its domicile from the US to India, positioning itself more favorably for a public listing in Indian markets. The move mirrors similar efforts by rival Flipkart, which is also preparing to go public in India after a domicile shift from Singapore.

The decision to relocate back to India reflects a broader trend among Indian startups: aligning their corporate structure with domestic market ambitions, regulatory requirements, and investor sentiment.

Leadership Realignment Ahead of IPO

Alongside these developments, Vidit Aatrey, Meesho’s co-founder, has been officially designated as the chairman, managing director, and chief executive officer of the firm. This formal designation not only reinforces investor confidence but also centralizes decision-making as Meesho gears up for public scrutiny.

Aatrey’s leadership has been instrumental in Meesho’s meteoric rise—from a reseller-focused platform to one of the country’s most widely used online shopping destinations, particularly among value-conscious Tier 2 and Tier 3 customers.

IPO Buzz: The Bigger Picture

Meesho’s IPO preparations come at a time of renewed excitement in the Indian startup ecosystem. Following a funding lull in 2023, 2024 has seen several high-growth startups revive their IPO ambitions. With strong digital penetration, robust retail investor participation, and government support, the Indian capital market is proving to be fertile ground for new listings.

Meesho’s upcoming IPO will be closely watched—not just for its scale, but also for how it sets the tone for tech-driven, consumer-focused companies looking to tap India’s public markets.

Meesho To Issue 411 Cr Bonus Shares Ahead of IPO

Credits: Inc 42

Conclusion

Meesho is taking all the proper steps as it prepares for a historic initial public offering (IPO), from reorganizing leadership and gaining shareholder permission to choosing a confidential DRHP and moving its headquarters to India. Meesho appears to be well-positioned to make an impact on the stock exchanges, with a ₹4,250 crore financing plan in place and strategic clarity at the leadership.

Tags: ecommerceFashionfundingIPOMeesho
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Ishaan Negi

Ishaan is a student at Sri Venkateswara College, University of Delhi, where he combines his academic pursuits with a deep passion for technology and storytelling. Ever since his school days, Ishaan has been an avid reader, a thoughtful writer, and an articulate speaker. These interests have naturally evolved into a strong inclination towards journalism, especially in the fast-paced world of tech. Known for his balanced approach, Ishaan is committed to presenting unbiased viewpoints and ensuring every story he tells is rooted in facts and multiple perspectives. Whether he’s reporting on emerging startups, corporate developments, or ethical issues in the tech space, he brings a sharp analytical lens and a curiosity-driven mindset to his work. With a strong foundation in research and communication, Ishaan strives to make complex topics accessible to readers while maintaining depth and nuance. His goal is not just to inform but also to spark thoughtful conversations around the ever-evolving tech landscape.

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