NEW DELHI: Indian e-commerce firm Meesho is set to raise ₹42.5 billion ($484 million) through a fresh issue in its long-anticipated initial public offering (IPO), according to its updated prospectus filed with regulators.
The move comes as India’s IPO market races toward a record year, with analysts expecting offerings worth up to $8 billion in the last quarter of 2025 alone.
The Bengaluru-based online retailer, which directly competes with Flipkart and Amazon India, has seen remarkable growth in the past two years.
Data from Redseer Research cited in Meesho’s prospectus shows the company outpacing the broader Indian e-commerce industry in gross merchandise value (GMV) growth.
As of June 30, 2025, Meesho held a 23–25% share of India’s home, kitchen, and furnishing e-commerce segment, highlighting its growing dominance among small sellers and value-focused consumers.
The IPO will comprise a fresh issue worth ₹42.5 billion, while existing investors such as Elevation Capital, Peak XV Partners, and Venture Highway will collectively sell 175.7 million shares.
Though the total offering size wasn’t disclosed in the filing, The Economic Times reported it could reach between ₹58 billion and ₹66 billion.
Meesho’s financials also show significant progress toward profitability. Its consolidated loss before exceptional items and tax narrowed sharply to ₹1.08 billion for the fiscal year ended March 30, 2025, from ₹3.15 billion the previous year.
The timing of Meesho’s public offering aligns with a surge in India’s capital markets. The country’s IPO market is on pace to surpass last year’s record $20.5 billion, driven by strong investor appetite and upbeat corporate earnings.
Analysts say Meesho’s listing could further reinforce investor confidence in India’s expanding digital commerce and tech ecosystem, especially as startups shift toward sustainable growth and improved unit economics.
