Meesho Eyes December Listing, Targets $6 Bn IPO Valuation

IPO-bound ecommerce major Meesho is targeting a post-money valuation of little over $6 Bn (about INR 53,700 Cr) for its initial public offering (IPO). As per sources, the company has completed investor roadshows and is finalising its listing timeline, with sources pointing to a possible listing in the first half of December or the second week of December.

After receiving the markets regulator Securities and Exchange Board of India (SEBI) for its confidential DRHP earlier in October, Meesho filed its updated DRHP (UDRHP) on October 18. The startup is likely to file its UDRHP-II in the coming week.

Inc42 has reached out to Meesho to seek official comments on the same. The story will be updated based on the responses. Moneycontrol first reported on development.

As per its updated DRHP, Meesho will be looking to raise INR 4,250 Cr via a fresh issue of shares while existing shareholders will sell up to 17.5 Cr shares in the offer for sale (OFS) component of the IPO.

Selling investors will include Elevation Capital, Peak XV, Highway Capital, Y Combinator and founders Vidit Aatrey and Sanjeev Kumar. SoftBank and Prosus also hold significant stakes.

The multi-category marketplace has raised over $1.5 Bn in funding from these investors ahead of its public markets debut.

The fresh proceeds generated from the IPO will be utilised to fund cloud infrastructure and technology expansion, marketing, as well as for strategic acquisitions.

On the financial front, Meesho’s top line zoomed 23% YoY to INR 9,389.9 Cr in FY25 while its net loss ballooned to INR 3,914.7 Cr — almost 12X the INR 327.6 Cr loss in FY24. The surge in net loss came on the back of a one time expense pertaining to INR 3,883 Cr cost from the startup’s reverse flip to India.

Meesho would join the growing queue of late stage startups to make their public markets debut this year. With the listings of Capillary Technologies and PhysicsWallah completed this week, 15 startups have already gone public this year. 2025 has accounted for the highest number of startup IPOs as compared to any year.

Alongside Meesho, the SEBI has also cleared the IPO plans of startups like Shadowfax, boAt, Curefoods, among others, all of whom are expected to file their respective RHPs soon.

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