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Meesho Gets Board Nod To Raise INR 4,250 Cr Via IPO

  • Meesho's board has approved raising up to INR 4,250 Cr via a fresh issue in its IPO, including an offer for sale for existing investors.
  • The company will also see a redesignation of its founder Vidit Aatrey as chairman, managing director, and CEO.
  • Meesho recently shifted its domicile back to India and is preparing for its public listing by filing a DRHP with SEBI.
  • Meesho reduced its loss by 82% in the financial year ending March 31, 2025, while its operating revenue increased by 33% during the same period.

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