<ul><li>E-commerce major Meesho plans to launch a $1 billion IPO with Morgan Stanley, Kotak Mahindra Capital, and Citi as lead bankers.</li><li>The company aims for a valuation of approximately $10 billion, a significant increase from last year's $3.9 billion.</li><li>Meesho's move is aimed at positioning itself ahead of Flipkart, its main competitor, by facilitating direct sales between small businesses and consumers.</li><li>Despite being a late entrant in the e-commerce space, Meesho has exhibited growth and profitability while competing against giants like Flipkart and Amazon.</li></ul>

Meesho Picks Morgan Stanley, Kotak & Citi For $1 Billion IPO; Targets $10 Billion Valuation

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