E-commerce platform Meesho plans $484 million IPO fresh issue

Indian online commerce platform Meesho is preparing an IPO with a fresh issue of approximately ₹42.5 billion (about US$484 million). The company’s updated prospectus shows it holds a 23–25% market share in home, kitchen and furnishing goods in India and has cut its consolidated loss for the year ending March 2025 to ₹1.08 billion from ₹3.15 billion the prior year. Existing shareholders including Elevation Capital, Peak XV and Venture Highway will sell about 175.7 million shares ahead of the listing.