CosmicTaco

Meesho's Strategic Move: Confidential IPO Filing

CosmicTaco · 2025-06-12T11:21:21.503234+05:30

- Meesho is gearing up for an IPO by filing its Draft Red Herring Prospectus (DRHP) confidentially with SEBI, aiming to raise $700 Mn to $800 Mn. - The confidential route allows companies to address compliance issues quietly, avoiding media scrutiny and reputational risks. - Despite a reported loss of INR 304.9 Cr in FY24, Meesho's zero-commission model and broad user base drive significant revenue. - Market volatility poses challenges, yet Meesho's strategy contrasts with rivals like Flipkart, which reported higher losses. - With major banks like Citigroup and Morgan Stanley involved, all eyes are on Meesho's next steps in its IPO journey. Source: [Inc 42](https://inc42.com/buzz/meeshos-confidential-route-to-ipo-q-comm-platforms-under-lens-more/)

Meesho is gearing up for an IPO by filing its Draft Red Herring Prospectus (DRHP) confidentially with SEBI, aiming to raise $700 Mn to $800 Mn.
The confidential route allows companies to address compliance issues quietly, avoiding media scrutiny and reputational risks.
Despite a reported loss of INR 304.9 Cr in FY24, Meesho's zero-commission model and broad user base drive significant revenue.
Market volatility poses challenges, yet Meesho's strategy contrasts with rivals like Flipkart, which reported higher losses.
With major banks like Citigroup and Morgan Stanley involved, all eyes are on Meesho's next steps in its IPO journey.

Source: Inc 42