Meesho has officially filed its updated draft red herring prospectus (UDRHP) with SEBI, taking a big step toward its much-anticipated December 2025 IPO which will mark India’s first pure-play horizontal ecommerce marketplace to go public.
The Bengaluru-based company plans to raise around ₹5,800–6,600 crore ($700–800 million) through the offering, including a primary issue of ₹4,250 crore ($500 million).
As per the filing, Elevation Capital will sell the largest portion in the offer for sale (OFS), followed by Peak XV Partners and Venture Highway. Founders Vidit Aatrey and Sanjeev Barnwal will also dilute part of their stake.
Major investors like Elevation Capital, Peak XV Partners, and Prosus each hold about 13–15%, while SoftBank owns roughly 10% in the ecommerce firm. Other notable backers include WestBridge Capital and Fidelity.
Meesho’s last funding came through a $550 million round, largely secondary in nature, valuing it at $3.9 billion slightly lower than its earlier $5 billion peak. The round saw new investors like Tiger Global, Think Investments, and Mars Growth Capital join the cap table.
With this move, Meesho joins the growing list of new-age Indian startups gearing up for public listings, signaling strong investor appetite returning to India’s digital economy.
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