Meesho is advancing towards its potential $1 billion IPO by converting into a public entity, changing its name from “Meesho Private Limited” to “Meesho Limited.” While the IPO process remains unapproved, this move ensures regulatory readiness. Supported by SoftBank Investment Advisers, Meesho plans to issue bonus shares worth Rs 411 crore. Targeting a $10 billion valuation, it has reportedly shortlisted Morgan Stanley, Kotak Mahindra Capital, JP Morgan, and Citi as bankers. The company saw a 33% YoY revenue growth to Rs 7,615 crore, reducing losses by 97% to Rs 53 crore. Meesho is also shifting its domicile from the US to India.
Meesho transforms in to a public entity, Eyeing towards IPO.
