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Meesho

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

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  • How Vidit Aatrey, Meesho’s marathon man, turned pivots and discipline into an IPO-ready company 

    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. 

  • IPO-bound Meesho in Rs 127-crore arbitration dispute with AWS over unpaid cloud bills

    IPO-bound Meesho in Rs 127-crore arbitration dispute with AWS over unpaid cloud bills

    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

  • Meesho IPO: Issue size, investor exits, financial report card and delivery risks decoded

    Meesho IPO: Issue size, investor exits, financial report card and delivery risks decoded

    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 receives SEBI approval for $800 million IPO as new-age companies line up to go public 

    Meesho receives SEBI approval for $800 million IPO as new-age companies line up to go public 

    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.

  • Big-ticket tech IPOs worth $4.5 billion to light up Dalal Street soon after Diwali

    Big-ticket tech IPOs worth $4.5 billion to light up Dalal Street soon after Diwali

    The list of technology companies planning to tap the IPO markets includes companies such as Groww, Lenskart, Meesho, Pine Labs, Fractal Analytics and PhysicsWallah.

  • Meesho files DRHP confidentially to raise Rs 4,250 crore in primary capital

    Meesho files DRHP confidentially to raise Rs 4,250 crore in primary capital

    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.

  • 10 years ago, we didn't have an office, app: CEO Vidit Aatrey marks a decade of Meesho

    10 years ago, we didn't have an office, app: CEO Vidit Aatrey marks a decade of Meesho

    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 open-sources in-house ML platform BharatMLStack to help startups scale AI faster

    Meesho open-sources in-house ML platform BharatMLStack to help startups scale AI faster

    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 shareholders approve Rs 4,250 crore primary fundraise via IPO

    Meesho shareholders approve Rs 4,250 crore primary fundraise via IPO

    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.

  • Meesho recasts board ahead of IPO

    Meesho recasts board ahead of IPO

    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.

  • The cost of Y Combinator backing? Meesho, Razorpay, Groww to cumulatively pay $600 million in taxes

    The cost of Y Combinator backing? Meesho, Razorpay, Groww to cumulatively pay $600 million in taxes

    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 to pay $288 million in taxes to flip back to India ahead of IPO

    Meesho to pay $288 million in taxes to flip back to India ahead of IPO

    Meesho’s tax bill is among the largest for a startup in recent times, after PhonePe’s hefty $1 billion outgo

  • Meesho inches closer to IPO with NCLT approval to flip back to India

    Meesho inches closer to IPO with NCLT approval to flip back to India

    A complete flip back to India is necessary for Meesho if it wants to list on the bourses here.

  • IPO-bound Meesho to finalise India flip back in coming days

    IPO-bound Meesho to finalise India flip back in coming days

    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).

  • Meesho converts to public entity ahead of $1 billion IPO

    Meesho converts to public entity ahead of $1 billion IPO

    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.

  • Meesho Mall brings P&G India, HUL, Himalaya brands to its platform amid rising personal care demand

    Meesho Mall brings P&G India, HUL, Himalaya brands to its platform amid rising personal care demand

    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.

  • MC Exclusive: Prosus plans five IPOs this year; Sees India portfolio hitting $50 billion within three years: CEO Fabricio Bloisi

    MC Exclusive: Prosus plans five IPOs this year; Sees India portfolio hitting $50 billion within three years: CEO Fabricio Bloisi

    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.

  • Flipkart, Meesho, Amazon and others get CCPA notice over illegal sale of walkie-talkies amid escalating India-Pakistan tensions

    Flipkart, Meesho, Amazon and others get CCPA notice over illegal sale of walkie-talkies amid escalating India-Pakistan tensions

    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.”

  • Meesho clocks $6.2 billion GMV run rate for FY25; to grow at 26% CAGR through FY31: CLSA

    Meesho clocks $6.2 billion GMV run rate for FY25; to grow at 26% CAGR through FY31: CLSA

    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.

  • Meesho's logistics platform Valmo now handles 50% of orders, more than double from last year

    Meesho's logistics platform Valmo now handles 50% of orders, more than double from last year

    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 picks Morgan Stanley, Kotak and Citi as bankers for $1 billion IPO at valuation of $10 billion

    Meesho picks Morgan Stanley, Kotak and Citi as bankers for $1 billion IPO at valuation of $10 billion

    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.

  • Delhivery jumps 3% after Macquarie sees 48% upside for stock

    Delhivery jumps 3% after Macquarie sees 48% upside for stock

    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.

  • Meesho's bet on content commerce yielded 14.5 million paying users in 2024 as creator economy delivers

    Meesho's bet on content commerce yielded 14.5 million paying users in 2024 as creator economy delivers

    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.

  • Budget 2025: Consumer internet startups bat for simplified tax norms, reduced compliance burden

    Budget 2025: Consumer internet startups bat for simplified tax norms, reduced compliance burden

    The industry has called for policies that reduce compliance hurdles, improve access to working capital and rationalise taxes, especially for small businesses

  • Meesho IPO: Firm moves NCLT to reverse flip to India after $550-million funding round, says report

    Meesho IPO: Firm moves NCLT to reverse flip to India after $550-million funding round, says report

    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

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