Meesho gets shareholder nod to raise Rs 4,250 crore via IPO

Ecommerce marketplace Meesho has received shareholder approval to launch its initial public offering (IPO), aiming to raise Rs 4,250 crore (about $500 million) in fresh capital, according to filings with the Registrar of Companies.

The approval came after an extraordinary general meeting of the Bengaluru-based company.

Meesho, which completed its domicile shift from the US to India last week, will file its draft IPO prospectus under the confidential route of the Securities and Exchange Board of India (Sebi), the documents showed.