Indian e-commerce platform Meesho, backed by SoftBank, has officially received shareholder approval to raise up to ₹4,250 crore via an Initial Public Offering (IPO). The green light came during the company’s Extraordinary General Meeting (EGM) held on June 25, following Meesho’s successful domicile shift from the US to India—a move that signals a strong intent to build and list locally.
According to the company’s regulatory filing dated June 27, the capital will be raised through fresh issuance of equity shares, reflecting Meesho’s ambition to scale further in India’s highly competitive e-commerce space. This aligns with growing investor confidence and public market appetite for digital-first Indian startups with real consumer traction.
In parallel, Vidit Aatrey, Co-Founder and CEO of Meesho, has been officially designated as the Chairman and Managing Director—a move that consolidates leadership as the company transitions into a publicly traded entity.
Why This Matters
- Domicile shift to India simplifies regulatory and operational frameworks for IPO readiness.
- The IPO will likely boost Meesho’s war chest as it continues to compete with Flipkart, Amazon, and Reliance’s JioMart.
- This IPO also sets a precedent for other India-focused startups with overseas incorporations to consider “return-to-India” moves before going public.
What’s Next?
While Meesho hasn’t yet announced a listing date, the shareholder approval is a pivotal milestone. The IPO—when launched—will be one of the most closely watched public offerings in India’s tech ecosystem this year.
