Meesho targets ₹42.5 bn fresh-issue raise in Indian IPO as losses narrow

E-commerce startup Meesho filed its draft red herring prospectus to raise around ₹42.5 billion (≈ $484 million) through a fresh issue, along with an offer-for-sale by early investors. The company reported a FY25 loss before exceptionals of ₹1.08 billion versus ₹3.15 billion a year earlier on 30% revenue growth to ₹5,650 crore. Proceeds will fund logistics automation and technology upgrades. Analysts see the deal as India’s largest startup offering of 2025. Meesho currently serves 150 million annual buyers and 45 million sellers, with plans to expand cross-border categories in FY26.