Meesho IPO

Meesho is a social commerce platform that enables users to buy and sell products directly from their mobile phones. Founded in 2015 by IIT Bombay alumni Vidit Atray, Ankit Bairi, and Sanjay Mathur, Meesho has become one of the largest e-commerce platforms in India, with over 100 million active users. The platform allows users to discover and purchase products from a vast array of categories, including fashion, electronics, home goods, and more. Meesho's unique selling proposition lies in its social features, which enable users to share products with friends and family, creating a community-driven marketplace. Meesho has experienced rapid growth since its inception, with revenue increasing by over 500% year-over-year. The company has also seen significant expansion into new markets, including international markets. Meesho's strong brand presence and user engagement have made it an attractive platform for investors seeking growth opportunities in the e-commerce sector. Meesho's IPO is expected to raise approximately ₹1,000 crores, which will be used to further expand its operations, invest in technology, and enhance its product offerings. The company plans to use a significant portion of the proceeds to pay off debt and strengthen its balance sheet. With its strong brand presence, growing user base, and expanding product offerings, Meesho is well-positioned for continued growth and success in the competitive e-commerce market.

Source: Company Prospectus