E-commerce platform Meesho files updated IPO papers to raise up to ₹4,250 crore

Meesho files updated IPO papers to raise ₹4,250 crore, with funds directed at tech, marketing and AI initiatives.

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44 days ago

E-commerce platform Meesho files updated IPO papers to raise up to ₹4,250 crore

Meesho has submitted an updated Draft Red Herring Prospectus (UDRHP) with the regulator Securities and Exchange Board of India (SEBI), seeking to raise up to ₹4,250 crore via fresh share issue and an offer-for-sale of up to 17.56 crore existing shares. The filing reveals a large portion of proceeds earmarked for cloud infrastructure, marketing growth and AI-team hiring, underscoring Meesho’s ambition to scale its technology stack ahead of its planned public listing in December 2025.
Companies:
  • Meesho
Tags:
  • ipo
  • startups