Meesho CXO Megha Agarwal quits after over 6-year stint

Meesho CXO Megha Agarwal quits after over 6-year stint

E-commerce major Meesho on january 7 announced that Megha Agarwal, CXO (business) and a senior management personnel at the company, has stepped down, according to regulatory filings.

The filing did not cite reasons for her exit and did not indicate whether a replacement has been identified, adding that further details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations will be disclosed at the relevant time in line with industry standards.

Agarwal had been with Meesho for over six years, joining the company in 2020 and holding multiple leadership roles across growth, strategy and business functions. She served as chief of staff, vice president and general manager – user growth, and CXO–growth before assuming the CXO, business role in October 2023, succeeding Utkrishta Kumar, who exited after a five-year stint to pursue his own fintech venture.

The leadership change comes as Meesho continues to adjust to life as a listed company. Meesho’s initial public offering was one of India’s larger technology listings in 2025. The IPO, which opened for subscription between December 3 and December 5, 2025, was priced in the band of Rs 105–111 per share and had an issue size of about Rs 5,421.20 crore, comprising a fresh issue of 48.84 crore shares.

The IPO valued Meesho at roughly Rs 50,096 crore at the upper end of the price band. The company has said it plans to use the proceeds towards investments in cloud infrastructure, marketing and brand initiatives, inorganic growth opportunities, and general corporate purposes as it navigates an increasingly competitive ecommerce market.

As of January 7, Meesho's shares on BSE were trading 4.99 percent lower at Rs 173.20 apiece.