Meesho converts to public entity ahead of IPO

Meesho continues to scale rapidly
| Photo Credit:
Dado Ruvic

Ahead of its IPO, e-commerce marketplace Meesho’s board has approved its conversion into a public entity, according to its filings with the Registrar of Companies (RoC).

This comes at a time when several companies are several companies are looking to go IPO and the conversion from a private limited to a public limited company is a key step. Last week, omnichannel eyewear retailer Lenskart also converted into a public limited company ahead of its planned IPO.

Meesho has kickstarted the process to shift its domicile from the US to India, filing the necessary application with the National Company Law Tribunal (NCLT). As part of this transition, the company’s Indian arm, Fashnear Technologies Pvt Ltd, will be renamed Meesho Pvt Ltd, following a board approval last month.

Rapid scaling

Meesho continues to scale rapidly. In its annual report released in March, the company reported 1.3 billion orders during the April–December 2024 period, marking a 34 per cent year-on-year increase. This figure matched its total order volume for the entire FY24, indicating robust momentum.

The platform also saw a surge in user base, with 187 million unique annual transacting users as of December 31 — a 26 per cent jump from the previous year.

Published on June 10, 2025