Bengaluru-based e-commerce platform Meesho has outlined plans for a listing, offering consists of a fresh issue amounting to INR 42.5 bn and an offer for the sale of 175.7 mn equity shares, according to its draft regulatory filing. The firm is targeting an INR 500 bn (USD 5.6 bn) valuation. Meesho is India’s largest e-commerce platform, with 198.8 mn users and 1.83 bn order transactions in FY 2025, as per Business Standard.

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Meesho’s USP: Founded in 2015, Meesho runs an asset-light, zero-commission marketplace for small sellers. Its core advantage lies in low-cost and high-volume transactions, processing roughly 5 mn orders daily.

Advisors- Bookrunners for the issue include Kotak Mahindra Capital, JP Morgan India, Morgan Stanley India, Axis Capital, and Citigroup Global Markets India, while Kfin Technologies is the registrar.

Use of proceeds: Meesho plans to invest USD 160 mn in cloud infrastructure, USD 50 mn for AI and technology hiring, and USD 110 mn for marketing and brand initiatives, with the remainder for acquisitions and corporate purposes.

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