Meesho

June 12 (Reuters) - Meesho Ltd MEES.NS:

• MEESHO LTD - ACQUISITION OF 100% OF SHARE CAPITAL OF KIRANA CLUB

• MEESHO LTD - DEAL FOR 2.02 BLN RUPEES TO BUY KIRANA CLUB

Source text: ID:nBSE8jRbvd

Further company coverage: MEES.NS

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** India's Meesho MEES.NS slides 3.6% to six-week low of 169.38 rupees

** Set for eighth straight session of losses, in its longest losing streak since listing in December 2025

** Lock-in on 68% of Meesho's pre-IPO shareholding worth 540 billion rupees ($5.65 billion) set to expire on June 9, says Choice Broking

** Even assuming that only ~10% of the lock-in shares are available for trading immediately after the expiry, the supply could be nearly equivalent to the entire IPO size of Meesho, the brokerage says

** MEES up 52.6% from its IPO issue price of 111 rupees

** Stock rated "hold" on average by nine brokerage firms, median PT at 200 rupees, per data compiled by LSEG

($1 = 95.6450 Indian rupees)

(Reporting by Vivek Kumar M)

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** Shares of Meesho MEES.NS rise as much as 7.7%; last up 2.6% at 201.1 rupees

** E-commerce firm's Q4 loss narrowed sharply to 1.66 billion rupees ($17.51 million) from a loss of 13.91 billion rupees a year ago

** Posts 43% higher net merchandise value (NMV) of 114 billion rupees, driven by continued onboarding of new users and deeper engagement from existing customers

** Morgan Stanley ("Equal-weight"; PT: 190 rupees) notes co is focused on attracting more sellers now and expects monetization to improve later

** Brokerage raises FY28E NMV by 2.6% and revenue by 2%

** Stock rated "Buy" on average by 8 analysts; median PT at 190 rupees

** YTD, stock up 13.4%

($1 = 94.7950 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

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May 6 (Reuters) - Meesho Ltd MEES.NS:

• MEESHO Q4 CONSOL NET LOSS 1.66 BILLION RUPEES

• MEESHO- APPROVED FURTHER INVESTMENT IN UNIT FOR AMOUNT NOT EXCEEDING 1 BILLION RUPEES

• MEESHO Q4 CONSOL REVENUE FROM OPERATIONS 34.31 BILLION RUPEES

Source text: ID:nnAZN4SUJJB

Further company coverage: MEES.NS

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** Brokerage Axis Capital initiates coverage on Indian e-commerce platform Meesho MEES.NS with "buy" rating, sets PT at 195 rupees

** MEES down 1% to 144 rupees on Monday amid wider market downturn; Nifty 50 .NSEI down 0.87%

** Brokerage says MEES well-placed to benefit from the opportunity in value e-commerce, given its market leadership in unbranded/long-tail categories, rising tier 2+ penetration and affordability

** Adds, affordability, rising ad revenue and operating leverage to drive profitability for co

** MEES rated "hold" on avg by 5 analysts covering it; median PT at 175 rupees- data compiled by LSEG

** YTD, MEES down 20%

(Reporting by Komal Salecha in Bengaluru)

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By Haripriya Suresh

BENGALURU, March 26 (Reuters) - Indian corporate insurance startup Plum said on Thursday it has raised 1.93 billion rupees ($20.6 million) as part of its Series B funding round led by Peak XV Partners, valuing the company at 11.81 billion rupees, according to CEO Abhishek Poddar.

GMO Venture Partners and existing investor Tanglin Venture Partners also participated in the round.

The Bengaluru-based company plans to use the fresh capital to scale marketing and sales efforts to expand its presence in India's corporate insurance market, deepen technology investments - particularly in AI-driven claims operations - and expand into preventive and primary healthcare, Poddar said.

Until last year, Plum generated its revenue purely from insurance broking. Its newer healthcare vertical, however, is soon expected to account for a larger share of its revenue mix.

"If I look at the revenue distribution, 80% insurance and 20% healthcare. Very quickly, healthcare has become significant for us, and it's growing in triple digits," Poddar said.

"Our prediction is that healthcare within our corporate business would be roughly 40% to 45% within the next couple of years."

The company is already seeing substantial efficiency gains from AI, especially in claims-processing, which forms the bulk of its operations, Poddar added.

"In the last four years, our claims volume has grown by around 50 times. We have been able to scale by 50 times with a team that would have grown by two times. That's the kind of scale advantage and efficiency advantage that you can generate using AI," he said.

Plum, backed by Tiger Global, counts Meesho MEES.NS, PhonePe PHOP.NS, Swiggy SWIG.NS, Urban Company URBN.NS and Zomato ETEA.NS among its clients.

($1 = 93.8860 Indian rupees)

(Reporting by Haripriya Suresh in Bengaluru; Editing by Sumana Nandy)

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** Meesho MEES.NS slips 10% to 143.41 rupees

** E-commerce firm received tax demand of 15 billion rupees ($162.47 million) after market last Friday

** India's tax department made some additions to income reported by co for 2023-2024

** Co says order does not have major impact on financial position or operations

** YTD, stock down 12.3%; down 6.4% since market debut on December 10, 2025

($1 = 92.3250 Indian rupees)

(Reporting by Abinaya Vijayaraghavan in Bengaluru)

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** Shares of Meesho MEES.NS down 5% at 157.2 rupees

** E-commerce firm's Q3 net loss widens 13x from 374.3 million rupees a year ago

** Co's investment in ads and sales promotion, as share of net merchandise value, nearly doubled to 2.4%

** Expects adjusted core earnings margin to improve in next two quarters, driven by logistics cost recovery, operating leverage on user growth, tech investments

** Morgan Stanley ("Update"; increases PT from 169 rupees to 174 rupees) says contribution margin miss led by higher logistics costs, which the co did not pass on to consumers

**YTD, stock down nearly 13%, down 3.3% since debut on Dec 10, 2025

(Reporting by Mridula Kumar in Bengaluru)

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Jan 30 (Reuters) - Indian e-commerce firm Meesho MEES.NS on Friday posted a wider third-quarter loss, in its first earnings report since its blockbuster market debut, as higher costs outweighed strong sales.

Its consolidated net loss widened to 4.91 billion rupees ($53.44 million) for the quarter ended December 31, compared to a loss of 374.3 million rupees a year ago.

($1 = 91.8770 Indian rupees)

(Reporting by Komal Salecha in Bengaluru)

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** Meesho MEES.NS down nearly 4% at 163 rupees after BofA starts with "neutral", PT at 190 rupees

** Brokerage does not see near-term upside after the recent rally post listing

** However, BofA adds co well-positioned to target value-focused mass market segment

** Expects strong FY26-29E net merchandise value CAGR of 26%

** Notes co's lean cost structure, asset-light model and negative working capital cycle make it one of India's most efficient consumer tech-focused businesses

** Last week, JM Financial also started coverage with a "reduce" rating; PT 170 rupees

** Since listing on Dec 10, MEES up nearly 48% from IPO issue price of 111 rupees

(Reporting by Komal Salecha)

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** Meesho MEES.NS up 4.5% to 172.25 rupees

** JM Financial initiates coverage with "Reduce", PT of 170 rupees

** Says e-commerce co benefits from negative cash conversion cycle as it operates asset-light model, with platform acting as interface between sellers, buyers, logistics partners, content creators

** Sees revenue to grow at ~27% CAGR from FY25 to FY30; adjusted EBITDA to grow at 3.3% CAGR

** Adds new buyers need to be wary of significant supply post 6-month lock-in expiry

** MEES up 6% vs debut price of 162.5 rupees

(Reporting by Mridula Kumar in Bengaluru)

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Shritama Bose

MUMBAI, Jan 8 (Reuters Breakingviews) - India's sizzling market for initial public offerings is sparking friction. Fund managers including Aberdeen ABDN.L, Capital and the asset management business of Nomura quietly boycotted e-commerce retailer Meesho's MEES.NS market debut in December after a unit of State Bank of India SBI.NS grabbed a hefty slice of the 54.2 billion rupees ($596 million) deal reserved for anchor investors. The standoff highlights growing pains within the country's $900 billion mutual fund industry.

SBI Funds Management, which oversees $139 billion of assets, picked up about a quarter of the shares Meesho offered to anchor investors, IFR reported at the time. That's more than twice the share a single buyer typically gets in a large offering. Among others walking out in protest were Norway's Norges Bank Investment Management and Nippon Life India as well as SBI compatriot ICICI Prudential Asset Management IICL.NS. For the issuer, a fight to own its stock is not a problem.

It does suggest a mismatch, however. SBI, which runs its investment unit in partnership with France's Amundi AMUN.PA, sweeps up roughly 15% of the 299 billion rupees ($3.32 billion) the industry gets every month in subscription payments towards equity funds, known as systematic investment plans. Inflows are set to increase as Indians become more affluent and move more of their money from bank deposits to the financial markets. SIPs, for example, are growing 25% annually, per Crisil Intelligence. And because of capital controls, Indians' growing wealth is largely captive to the domestic financial markets.

Large IPOs provide an easy opportunity to put that money to work because they let asset managers buy large chunks of stock in one shot, typically not an option with already listed companies. Trouble is, the amount of equity capital raised in IPOs and private placements is far more uneven than SIPs' growth. Proceeds last year were $55 billion, 20% below the 2024 tally, per Dealogic data. Analysts at Axis Capital expect demand for stock to overshoot supply in the next financial year.

That means more Meesho-style tussles between investors are likely. In the short term, that might push up valuations - shares in Meesho have jumped 64% since last month's IPO. Longer term, unless the supply of quality companies - and future earnings power - keeps up with the pace of financialisation, asset prices risk getting inflated. The Meesho spat is an early sign of potential distortions.

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CONTEXT NEWS

Major Indian and global asset managers boycotted the anchor tranche of Indian e-commerce company Meesho's 54.2 billion rupees initial public offering in protest at what they saw as an unfairly generous allocation to SBI Funds Management, IFR reported on December 5, citing unnamed people familiar with the transaction.

Aberdeen, Capital, Norges Bank Investment Management, Nomura Asset Management and mutual fund units of asset managers ICICI Prudential and Nippon India were among those that chose to withdraw from the anchor tranche rather than get fewer shares than they wanted, the report added.

Funds managed by SBI were allotted around 24.6% of shares in Meesho offered to anchor investors, according to the company's filings with stock exchanges.

(Editing by Una Galani; Production by Aditya Srivastav)

((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))

** Shares of e-commerce firm Meesho MEES.NS jump 20% to 216.34 rupees after UBS initiates coverage with "buy" rating, PT of 220 rupees

** UBS expects co's focus on lower/middle income consumers in India's tiers 2 and 3 cities provide a growth runway, given that adoption accelerates among these consumers

** Expects strong growth with net merchandise value CAGR of 50% and revenue CAGR of 72% through FY30

** Points to EBITDA margin expanding from less than 1% in FY25 to 8.3% by FY30

** MEES jumped about 58% on Dec 10 debut with an 111-rupee issue price

(Reporting by Brijesh Patel in Bengaluru)

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** Shares of Meesho MEES.NS rise 3.5% to 176 rupees on its second day of trading

** E-commerce firm invests via rights issue a 28.9 billion rupees ($321.05 million) in its unit which runs the application-based marketplace under the Meesho brand name

** MEES jumped about 58% in their debut on Wednesday

** Stock up 8.3% from yesterday's listing price

($1 = 90.0170 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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Dec 10 (Reuters) - Shares of Indian e-commerce platform Meesho MEES.NS jumped 46.4% in premarket trade on Wednesday, after drawing bids worth $28 billion for its $604 million initial public offering last week.

The stock listed at 162.5 rupees on the National Stock Exchange of India, compared with its issue price of 111 rupees.

(Reporting by Anuran Sadhu in Bengaluru; Editing by Sumana Nandy)

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