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Meesho secures approval from shareholders to raise Rs 4,250 crore through IPO.

Jun 28, 2025•12 months ago

Contract Type

contract

BengaluruFinancial ServicesSoftware

Description

Meesho's shareholders have approved a proposal for a primary fundraise of Rs 4,250 crore ($500 million) via an IPO. The company plans to raise a total of Rs 8,500 crore through a combination of primary capital and an offer for sale component.

Company Information

Company

Meesho

Location

Bengaluru, Karnataka, India

About

Other new backers include Footpath Ventures and debt venture debt fund Trifecta Capital, the company said. The company said it had 15 million transacting users in the same month. The company operates in the community group buying model driven by leaders. In April, Meesho was valued at $2.1 billion when it raised $300 million from SoftBank Vision Fund, which was its larger financing round. This year, Meesho also started to focus on selling directly to consumers through and compete directly with Walmart-owned Flipkart and Amazon India, ET reported on April l3.“We Meesho will use the fresh capital to double its research and development team and acquire more users.

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