Softbank backed Meesho set to file IPO papers soon

Ecommerce platform, Meesho, is getting ready to submit a confidential IPO application in Mumbai in the coming weeks. Moving its headquarters from Delaware USA to India can be considered a necessary step in the process. The estimated IPO issue size for Meesho is $700 to $800 million.

Despite difficult market conditions, the Softbank backed startup kept up its growth momentum, reaching about 175 million transacting users in 2024 – a 25% increase from the 140 million users in 2023.  A 70% yearly increase in orders across categories like Beauty and Personal Care and Home and Kitchen is primarily attributable to increased consumer demand and the growing e-commerce penetration in tier 2 and smaller towns.

By 2027, Meesho hopes to grow its seller base to 10 million small businesses, a ten-fold increase.

For detailed information on this IPO, click here.