Meesho’s value-commerce bet gets market endorsement
Meesho’s stock market debut has put a public-market stamp of approval on a business model that has long run counter to the dominant playbook of Indian e-commerce. After listing on December 10 at an issue price of Rs 111, the stock climbed to a peak of Rs 235 within two weeks, more than doubling and marking one of the strongest debuts in recent years.
