Social commerce platform Meesho runs a three-sided marketplace with suppliers, resellers and the customer, where the reseller buys goods such as unbranded fashion items from the supplier and sells it via platforms such as WhatsApp and Instagram. While Meesho started out this way, its share of direct sales has also been going up, pitting it directly against incumbents Flipkart and Amazon. It was founded in 2015 by IIT-Delhi alumni Vidit Aatrey and Sanjeev Barnwal. It provides small entrepreneurs with products and tools to start, maintain, and grow their businesses. It facilitates a three-way marketplace enabling resellers, SMBs, and micro-entrepreneurs across India to connect with potential buyers using social media. The company claims that a majority of these entrepreneurs are women who are realizing their dream of owning a business for the first time. Meesho is also Facebook's first investment in an Indian startup. The Bangalore-based startup last announced a fund raise of $50 million in a Series-C funding round from Shunwei Capital, DST Partners and RPS Ventures. The company on September 30, 2021 said it has raised $570 million in its Series F round led by Fidelity Management and B Capital, more than doubling its valuation to $4.9 billion in five months, the latest sign of the funding frenzy underway for Indian startups. More
From WhatsApp boutiques to a billion orders, Vidit Aatrey’s Meesho cracked India’s value-conscious market. It will be the first major horizontal e-commerce platform to go public in India.
Amazon Web Services has accused Meesho of non-payment and breach of contractual commitments. The e-commerce firm has hit back with a Rs 86-crore counterclaim alleging inadequate service and support
Small-town shoppers made Meesho big — now the value-commerce platform is eyeing a Rs 4,250-crore IPO, with early investors set for bumper exits and the company betting big on tech and scale to steady its path to profitability.
Meesho's net loss for FY25 stood at Rs 3,941 crore, up from Rs 305 crore, due to expenses related to flipping its base from the US to India. Without the exceptional item, Meesho’s net loss was Rs 289 crore.
The list of technology companies planning to tap the IPO markets includes companies such as Groww, Lenskart, Meesho, Pine Labs, Fractal Analytics and PhysicsWallah.
With this step, Meesho has moved another step closer to an IPO and also joins a growing list of new-age companies that are headed to Dalal Street.
Meesho co-cfounder and CEO Vidit Aatrey recalled that the company's journey began not in corporate boardrooms, but on the ground in Bengaluru's Koramangala.
Meesho has begun open-sourcing its internal AI stack with the release of a production-grade feature store on GitHub. More modules are set to follow as the company looks to support real-time, cost-efficient machine learning development across India’s startup ecosystem.
Meesho's investors including Elevation Capital, Peak XV Partners, Prosus and SoftBank designated co-founder and CEO Vidit Aatrey as the chairman, managing director and CEO of the company, filings showed.
SoftBank's Sarthak Misra and Prosus' Ashutosh Sharma will give up their board seats, sources told Moneycontrol. At the same time, Kimsuka Narasimhan will succeed Kalpana Morparia. After the three changes, Meesho now has eight board members.
Meesho, Groww and Razorpay are among a wave of Indian startups unwinding US-based corporate structures to meet regulatory norms and list locally here in India.
Meesho’s tax bill is among the largest for a startup in recent times, after PhonePe’s hefty $1 billion outgo
A complete flip back to India is necessary for Meesho if it wants to list on the bourses here.
Flipping its headquarters back to India is the last step for IPO-bound Meesho before it proceeds to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
Such a move is typical with IPO-bound companies, including Swiggy in the past and Lenskart more recently. Meesho, however, has to wait to flip back from Delaware in the US to India before proceeding with its IPO.
The partnership will make brands like Pampers, Whisper, Head & Shoulders, Pantene, Gillette (P&G); Ponds, Dove, Vaseline, Sunsilk, Tresemme (HUL); and a range of Himalaya products available to Meesho’s user base, particularly in tier-2 and tier-3 cities.
While Prosus stands to make gains from the IPOs, Bloisi said he wants to put more money on the table, to make India grow faster and is in no rush to sell shares.
Amazon had 467 listings of walkie-talkies, Flipkart had 314, Meesho had 489 such listings, and 423 such listings were available on TradeIndia, as per a preliminary analysis across platforms which, the CCPA said, was “an alarming volume.”
The brokerage expects Meesho to expand its share of India’s ecommerce market from the current 8.5 percent to 10 percent by FY30, riding on strong traction in Tier 2 and 3 cities, a capital-light model, and a sharp focus on affordability.
Within a year of launch, Meesho's logistics arm has scaled to around 15,000 pin codes through roughly 6,000 logistics partners, creating as many as 85,000 jobs as of December 2024.
Meesho is likely to command a valuation of $10 billion, a 2.5X increase from $3.9 billion last year. The company is expected to list on the stock exchanges around Diwali this year, outpacing Flipkart, sources told Moneycontrol.
This comes despite the recent downfall in the stock, falling nearly 40 percent from its September levels as against the 17 percent fall in the Nifty smallcap index.
Given the 175 million transacting users on Meesho’s platform in 2024, the content commerce route has resulted in a little over 8 percent user transactions.
The industry has called for policies that reduce compliance hurdles, improve access to working capital and rationalise taxes, especially for small businesses
The firm is set to file its draft papers in the second half of 2025 and is aiming to list on Indian stock exchanges in 2026