Meesho IPO

Meesho Limited, founded in Bengaluru in 2015, has rapidly emerged as India’s largest e-commerce platform by annual transacting users and orders placed for the year ending June 2025. The company operates as a zero-commission, asset-light marketplace, connecting consumers, a total of 1.6 million sellers, logistics partners, and content creators, with deep penetration across Tier-II and Tier-III cities of the country and a range of products across fashion, home, beauty, and electronics.

The company uses in-house logistics (Valmo) and advanced AI systems to effectively fulfil over 1.83 billion orders per year, enabling affordable shopping and supporting entrepreneurship throughout India.

In FY25, Meesho saw a remarkable increase in annual transacting users to approximately 21.3 crore, and order frequency increased to 9.4x, and net merchandise value (NMV) rose to ₹8,679 crore. The platform’s unique service model has driven deep user engagement and strong brand loyalty, positioning Meesho at the forefront of India’s mass-market digital commerce transformation.

Meesho’s IPO, set for December 2025, aims to raise around ₹6,000 crore through a ₹4,250 crore fresh issue and an OFS of 17.57 crore equity shares, with existing investors such as Elevation Capital and Peak XV Partners participating in the sale. Funds will be used for cloud infrastructure, AI talent, marketing, and strategic acquisitions, supporting Meesho’s ambition to further scale and innovate in India’s e-commerce ecosystem.