Meesho Massive IPO Update: In the coming time, the IPO of another big company can knock on the stock market. We are talking about Meesho, a company invested in Softbank. The e-commerce platform can bring an IPO at the end of this year or early next year. According to media reports, the company may try to raise $1 billion through IPO.
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Meesho Massive IPO Update: Will There be Direct Competition with Flipkart’s IPO?
According to the report, discussions about the IPO are going on in full swing in the company. Meesho has appointed Morgan Stanley, Kotak Mahindra Capital and Citi as advisors for the IPO. If Meesho brings an IPO at the end of this year, then it can be seen in direct competition with Flipkart.
Walmart-invested company Flipkart is also trying for an IPO. The company is in constant discussion with its American parent company regarding the timeline of the IPO.
Meesho Massive IPO Update: The Valuation Could be $10 Billion.
There is talk that Meesho’s IPO could come at a valuation of $10 billion. Meesho may submit a draft for the IPO to SEBI in the coming weeks. There is a possibility that the company’s IPO could come around Diwali.
If it does not come this year, the company can launch the IPO early next year. Let us tell you, no official statement has come out on this whole issue yet.
For the IPO, Meesho must first transfer its headquarters from the US to India. The process regarding this is also at a very advanced stage. The company seems ready to pay $300 million as tax.
Meesho has raised around ₹4,705 crore in funding in 2 rounds
The company has raised a total funding of $50 million (about Rs 4705 crore). Earlier this year, Meesho had raised funds of about $250-$270 million (about Rs 2300 crore) from investors like Tiger Global, Think Investments and Mars Growth Capital. Then the valuation of the company was $3.9-4 billion (about Rs 34,242 crore).
The company is running in Loss
Meesho’s entry into the e-commerce sector was quite late. The company debuted in 2015. But since then this platform has expanded rapidly. It has been successful in giving tough competition to Flipkart and Amazon. Talking about revenue, Meesho earned Rs 7615 crore in the financial year 2024. However, even after this, the company is still at a loss. Till the last financial year, the net loss of the company was Rs 305 crore.
Application has been filed for merger of Fashionier Technologies Meesho has filed an application with the National Company Law Tribunal (NCLT) for the reverse merger of its subsidiary in India, Fashionier Technologies, with its US-based parent entity, Meesho Inc.
Meesho Massive IPO Update: Meesho’s Big Leap from IPO
Meesho’s IPO can prove to be a turning point in the Indian e-commerce sector. This platform mainly works to connect small merchants and consumers directly, which has strengthened its market hold.
Will Meesho’s Dominance Increase in Indian E-commerce?
Meesho’s IPO can open up new possibilities in the Indian e-commerce market. The company is especially strengthening its hold in tier-3 and small cities, where the demand for affordable products is high. This strategy has helped it grow faster than big players like Flipkart and Amazon.
This move of Meesho is expected to create a stir in the Indian stock market, and investors will also keep a close eye on this IPO. If Meesho completes this listing, it will be a major achievement in the Indian startup ecosystem.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗