Meesho has received SEBI’s approval for its IPO, aiming to raise up to ₹4,250 crore through a fresh issue and an offer for sale of 17.56 crore shares. The Bengaluru-based e-commerce platform plans to allocate ₹1,390 crore for cloud infrastructure, ₹1,020 crore for marketing and brand-building, and ₹480 crore for expanding its AI and tech teams.
Backed by investors like Elevation Capital, Peak XV Partners, and Y Combinator, Meesho will also use part of the funds for acquisitions and strategic growth.
The company’s marketing spend surged 40% YoY to ₹643.5 crore in FY25, driving annual transacting users up 46% to 19.8 crore and total orders to 1.83 billion. Losses have narrowed sharply — from ₹1,672 crore in FY23 to ₹108 crore in FY25 — while revenue rose from ₹5,734 crore in FY23 to ₹9,390 crore in FY25.