Overview

• Meesho’s updated papers propose a fresh equity raise of up to Rs 4,250 crore alongside an offer-for-sale of up to 175.7 million shares by investors including Elevation Capital, Peak XV Partners, Venture Highway and Y Combinator, with founders Vidit Aatrey and Sanjeev Barnwal also selling.
• The company earmarks proceeds for cloud infrastructure (up to Rs 1,390 crore), AI and technology hiring and salaries (Rs 480 crore), marketing and brand initiatives (Rs 1,020 crore), inorganic growth through acquisitions, and general corporate purposes.
• FY25 results show operating revenue of about Rs 9,390 crore and a net loss of roughly Rs 3,914–3,942 crore driven by one-time tax and restructuring costs, with loss before exceptional items at about Rs 108 crore and a reported free-cash-flow turnaround.
• The filing asserts Meesho became India’s largest e-commerce platform by Annual Transacting Users and placed orders in FY25, citing roughly 199 million ATUs and around 1.8 billion orders.
• Kotak Mahindra Capital, JP Morgan India, Morgan Stanley India, Axis Capital and Citigroup are named as bookrunners, a price band is yet to be set, a pre-IPO placement of up to Rs 850 crore is planned that would reduce the fresh issue, and separate reports of a SEBI nod and a Rs 6,500–7,000 crore combined size remain unconfirmed.