<ul data-eligibleForWebStory="true"><li>Meesho is speeding up its IPO by taking the confidential pre-filing route, planning to raise $700 Mn to $800 Mn.</li><li>Introduced by SEBI in 2022, the confidential route allows companies to keep their DRHPs private and address compliance gaps discreetly.</li><li>Market debut for Meesho may face challenges due to its reported loss in FY24 and ongoing market volatility.</li><li>Meesho focuses on zero-commission for sellers, broad user base, and low AOVs, resulting in significant operating revenue.</li><li>Refyne secures $4 Mn in debt, Centre tightens norms for quick commerce platforms, and Nazara sees INR 380 Cr in bulk deals.</li><li>Government clarifies no plans to reintroduce MDR on UPI payments, PowerUp Money raises $7 Mn, and discussions on revised ecommerce policy underway.</li><li>Jio Financial Services and BlackRock joint venture approved as investment adviser, Tata invests in semiconductor partnership, and Soket AI aims to build India's foundational LLM model.</li><li>Soket AI selected under IndiaAI Mission, plans to launch a 7 Bn-parameter model and raise $15 Mn to power India's AI dream.</li></ul>

Meesho’s Confidential Route To IPO, Q-Comm Platforms Under Lens & More

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