Daijiworld Media Network – Bengaluru

Bengaluru, Oct 19: SoftBank-backed e-commerce firm Meesho has taken a major step towards its much-anticipated initial public offering (IPO) by filing updated draft papers with the Securities and Exchange Board of India (SEBI).

The move signals the Bengaluru-based company’s readiness to enter the public markets, marking a key milestone in India’s rapidly expanding e-commerce industry.

IPO structure

The proposed IPO consists of two main components:

• Fresh equity issue: Meesho plans to raise up to Rs 4,250 crore through the issuance of new equity shares.
• Offer for Sale (OFS): Existing shareholders will sell up to 17.57 crore (175,696,602) equity shares as part of the secondary sale.

Participating investors

Several early investors will be participating in the OFS, including Elevation Capital, Peak XV Partners (formerly Sequoia Capital India), Venture Highway, and Y Combinator. This balanced mix of fresh equity and secondary share sale allows Meesho to raise new capital for expansion while giving early investors a partial exit.

Valuation and pricing

The company has not yet disclosed its share price band. Meesho’s valuation and the total IPO size will depend on the pricing, which will be a key factor in determining investor interest once details are released.

Market impact

Meesho’s public debut is expected to be one of the most closely watched listings in the Indian startup ecosystem. The filing comes at a time when several homegrown tech-enabled firms are preparing for stock market entries, reflecting the growing maturity of India’s digital economy.

Company background

Founded in 2015, Meesho has revolutionised social commerce by empowering small businesses, resellers, and entrepreneurs—especially in tier 2 and tier 3 cities—to sell products online. Its affordable and accessible business model has helped millions of first-time sellers and online shoppers participate in India’s digital marketplace.

The success of Meesho’s IPO could serve as a benchmark for other Indian startups eyeing public listings, while also testing investor appetite for new-age e-commerce platforms in one of the world’s fastest-growing digital markets.

Analysts believe the IPO will offer deeper insights into Meesho’s growth strategy, financial performance, and long-term potential as the company prepares to take its next big leap into the public market.