Meesho, the leading social commerce platform in India, is gearing up for its IPO in December 2025, aiming to raise ₹4,250 crore. The company plans to use the funds to strengthen technology, AI, and cloud infrastructure while expanding its market presence.
India’s e-commerce sector is rapidly growing, with many companies already listed on the stock market. Now, Meesho is preparing to enter the share market. The company is expected to launch its IPO in December 2025, planning to raise around ₹4,250 crore.
Meesho had submitted draft papers confidentially to SEBI in July, followed by an updated Draft Red Herring Prospectus on 18 October. Another updated version is expected soon.
Following roadshows and investor meetings, the company has finalized its valuation. The IPO will include both a fresh issue and an Offer For Sale (OFS). Through the fresh issue, new shares worth up to ₹4,250 crore will be issued. Meanwhile, existing shareholders, including early investors like Elevation, Peak XV, Venture Highway, and Y Combinator, will sell 17,56,96,602 shares, representing approximately 5–7% of their holdings.
Book Running Lead Managers for the IPO include Kotak Investment Banking, JP Morgan, Axis Capital, Citi, and Morgan Stanley.
The company’s final valuation is yet to be announced but is expected to be around $5 billion. In 2024, Meesho had completed a funding round at a valuation of $3.9 billion. Post-IPO, this valuation is likely to increase.
Meesho has carved a unique space in India’s e-commerce market, especially in Tier-2 and Tier-3 cities, despite competition from giants like Amazon and Flipkart. Its social media-driven model, leveraging platforms like WhatsApp and Facebook, enables direct sales for small businesses and individual sellers.
Meesho plans to invest the IPO proceeds primarily in Meesho Technologies Private Limited (MTPL), a subsidiary focusing on technology and cloud infrastructure. The funds will be used to:
Strengthen AI, machine learning, and technology teams
Cover salaries for existing and new employees
Expand marketing and brand-building activities
Upgrade technology to provide better services to sellers
Meesho was founded in 2015 as a social commerce platform, enabling small retailers and women to sell products from home. The company focuses on lower-income groups in smaller towns and villages.
Meesho’s unique selling point is that it connects sellers for free without charging commission. Currently, the platform has over 15 million sellers, processing millions of orders every month. To date, Meesho has raised $1.4 billion through private funding. The upcoming IPO will mark its entry into the public market.
For Indian investors, this IPO presents a significant opportunity. Investing in Meesho allows small investors to become part of the growing e-commerce ecosystem.
The company has a strong business model, and in the financial year 2024, Meesho’s revenue reached ₹7,600 crore, doubling from the previous year. Meesho is also moving toward profitability.
Once the IPO launches in December, retail investors will be able to subscribe. Founders Vidit Jain and Sanjay Sachdev built Meesho as a platform to support small businesses. Post-IPO, the company plans to expand into new markets and increase its product range, further strengthening its presence.