The proceeds raised from the fresh issue will be used for tech costs, brand building, and general corporate needs.
The process of book-building usually takes 30-45 days, after which the company will launch its IPO. It plans to sell about 10% of its shares, valuing the firm at $7–8 billion, which is a bit lower than Meesho’s original target of a $10 billion valuation.
Peak XV Partners, Elevation Capital, Venture Highway, Y Combinator, and others are the investors of the company who will be selling shares in the OFS. The founders, Vidit Aatrey and Sanjeev Barnwal, will also sell some shares.
In FY24, the company generated a revenue of ₹7615 crore, which was ₹3,240 crore in FY22 and ₹5,735 crore in FY23, showcasing the company’s financials show growth and discipline. However, in FY25, the losses increased to ₹3,941 crore due to the costs of shifting its headquarters from Delaware to India.
Meesho also reported a net loss of ₹289 crore in Q1 FY26. For now, the company is focused on growth and plans to continue strengthening its market position in the coming year.
