Meesho, the homegrown e-commerce platform, is making headline in the Indian business ecosystem as it prepares to go public. The company is set to raise an estimated $1 billion through its initial public offering (IPO) later this year. As the IPO market heats up, Meesho IPO is expcted to be one of the most anticipated events for investors and industry participants.
Meesho has appointed financial advisers such as Morgan Stanley, Kotak Mahindra Capital, and Citi for its upcoming IPO, with discussions ongoing to bring JP Morgan on board as well. According to sources, bankers are pitching a valuation of $10 billion for the company’s public debut. The IPO is expected to take place between September and October, coinciding with Diwali—a festive season that could make the listing even more symbolic for investors.
In the run-up to its IPO, Meesho raised approximately $250-270 million from investors, including Tiger Global, Think Investments, and Mars Growth Capital. This funding round brings the total amount raised by the company to $550 million, with a significant portion comprising secondary transactions. At a valuation of $3.9-4 billion from this round, Meesho has shown that it is an attractive investment opportunity with the potential to scale.
In addition to its successful fundraising efforts, Meesho has also filed for a reverse merger of its Indian subsidiary, Fashnear Technologies, with its U.S.-based parent entity, Meesho Inc. This restructuring move aligns with the company’s broader strategy as it prepares for its public listing.
Meesho has demonstrated robust financial performance in the financial year 2023-24. Its operating revenue grew by an impressive 33%, reaching ₹7,615 crore from ₹5,735 crore year-on-year. Furthermore, the company has significantly reduced its adjusted losses by 97%, bringing them down to ₹53 crore from ₹1,569 crore.
Flipkart, one of Meesho’s key competitors, has been considering an IPO for some time but has yet to make a final decision. Flipkart’s parent company, Walmart, had approved the move to list the company, but the process has been delayed as it works on strategic changes. Flipkart is currently shifting its domicile from Singapore to Gurugram and is restructuring its board and leadership to meet regulatory guidelines for listing in the Indian capital markets. However, Flipkart’s IPO plans still face hurdles, including cost-cutting efforts and addressing the losses from some of its subsidiaries.
The global e-commerce giant Amazon is also looking at the possibility of listing its India business. According to reports, Amazon is exploring a spin-off of its Indian arm and a potential listing on the domestic stock exchange. This move would help Amazon consolidate its position in one of the world’s fastest-growing e-commerce markets while navigating India’s increasingly stringent e-commerce regulations. Amazon has already consulted with investment banks, including JP Morgan, as it evaluates the feasibility of a public listing for its India business.
Meesho’s IPO plans are part of a larger trend of Indian tech and e-commerce companies seeking public listings. The competition between Meesho, Flipkart, and Amazon will undoubtedly shape the future of the industry, and investors will be keeping a close eye on how each company positions itself in the market.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 26, 2025, 2:09 PM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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