Meesho receives Sebi nod for ₹6,600-crore IPO

Bengaluru: E-commerce marketplace Meesho has received regulatory approval for a ₹6,600-crore initial public offering that will see some of its early investors, including Elevation Capital and Peak XV Partners, cash in by selling part of their stakes in the company.

Meesho will raise about ₹4,250 crore in the IPO by issuing new shares. The remaining IPO amount will flow from an offer-for-sale component, in which shareholders sell their shares to new investors.