New Delhi: Indian e-commerce platform Meesho is preparing to raise about $484 million (₹4,250 crore) through a fresh issue of shares in its much-anticipated initial public offering (IPO), marking one of the country’s biggest tech listings this year.
According to filings with the Securities and Exchange Board of India, existing investors including Elevation Capital, Peak XV Partners, and Venture Highway will also sell about 175.7 million shares through an offer for sale. The total IPO size, combining the fresh issue and the offer for sale, is expected to reach between $700 million and $800 million.
Meesho, founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, has become a major player in India’s online retail space, especially among small businesses and individual sellers in non-metro ar