Meesho files confidential IPO papers: Likely to raise Rs 4250 crore
Indian e-commerce startup Meesho has confidentially filed draft papers for an initial public offering, a source aware of the matter told Reuters, with a document showing it plans to raise 42.5 billion rupees ($497.30 million) in fresh capital. Some existing investors will also pare their stake, the source added, without specifying details.
In a document filed with the Registrar of Companies, which Reuters has seen, Meesho said it has received shareholder approval for IPO and its plans to raise fresh capital.
