Meesho files confidential DRHP to raise $500 Mn in primary capital

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Here’s a structured summary of the information provided regarding Meesho:

Startup Overview

  • Startup: Meesho

Fundraising Details

  • Funds Raised: ₹4,250 crore (approximately $500 million)
  • Fundraise Series: Initial Public Offering (IPO)

Key Dates

  • Filing Date: Confidentially filed its draft red herring prospectus (DRHP) recently (specific date not mentioned, but the context suggests 2025).

Investors

  • Major Investors:
    • Elevation Capital: 14.49% stake
    • Peak XV: 13.64% stake
    • SoftBank: 13.14% stake
    • Prosus: 9.91% stake

Founders

  • Founders: Not explicitly mentioned in the provided text.

Bankers for IPO

  • Bankers:
    • Citi
    • Kotak Mahindra Capital
    • Morgan Stanley
    • Axis Capital

Additional Context

  • Reverse Flip: Cost around $288 million.
  • Revenue Growth: Recorded a 33% year-over-year revenue growth to ₹7,615 crore for the fiscal year ended March 2024.
  • Loss Reduction: Adjusted losses reduced by 97% to ₹53 crore in FY24.

This summary aggregates the critical elements surrounding Meesho’s IPO filing, its investors, and performance metrics.

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2025-07-03 06:53:26