Meesho files updated IPO papers seeking $700–800 million, aiming for a December 2025 listing despite a ₹3,942 crore loss in FY25.

Meesho has filed updated draft IPO papers with India’s SEBI, seeking to raise ₹4,250 crore in a primary offering and up to ₹1,600 crore in a secondary sale by investors including Elevation Capital and Peak XV, with founders Vidit Aatrey and Sanjeev Barnwal also selling stakes. The IPO, targeting a December 2025 listing, aims to raise $700–800 million, with proceeds to fund infrastructure and expansion. Despite a ₹3,942 crore net loss in FY25 due to a one-time tax payment from relocating from the U.S., Meesho reported ₹9,390 crore in revenue and 1.8 billion orders, surpassing Amazon and Flipkart in volume. The company, valued at $3.9 billion, operates a logistics arm, Valmo, and is expanding into home, beauty, and accessories, aiming to grow in non-metro markets amid rising demand for India’s e-commerce sector.