Indian e-commerce unicorn Meesho has filed its draft red herring prospectus (DRHP) with SEBI through the confidential route, marking its official entry into the IPO race. The company is aiming to raise ₹4,250 crore via a fresh issue of shares, and the overall issue size is expected to be larger once the offer-for-sale (OFS) component is included. Backed by investors like SoftBank and Prosus, Meesho was last valued at $3.9 billion as of March 2024.
This move comes during a wave of startup listings, with companies like Shadowfax, Pine Labs, Wakefit, and Curefoods also filing their IPO papers recently. Together, these firms are looking to raise nearly ₹6,500 crore, while over a dozen new-age startups are collectively eyeing ₹18,000 crore in public market funding. Founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, Meesho began as a reseller platform and evolved into a low-cost, consumer-first e-commerce marketplace, primarily catering to Bharat. Its zero-commission model, seller-first approach, and deep presence in tier 2 and 3 cities have helped it scale rapidly
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