Meesho takes confidential route to file DRHP

In the run-up to its IPO, Meesho has flipped back to India, and converted to a limited company
| Photo Credit:
Dado Ruvic

E-commerce platform Meesho has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India through the confidential filing route, according to sources.

The Prosus-backed company is eyeing a primary fundraise of around ₹4,250 crore through its upcoming IPO, reported businessline earlier.

Upcoming IPO

Meesho is the latest among a string of start-ups opting for the confidential route to file IPO papers, joining the likes of Groww, Pine Labs, Shadowfax and others. Over the past fortnight alone, companies such as Pine Labs, Wakefit, Curefoods, and Shadowfax have filed their DRHPs, collectively targeting over ₹6,000 crore in primary capital.

In the run-up to its IPO, Meesho has flipped back to India, and converted to a limited company.

Meesho recorded 34 per cent year-on-year growth in orders during the April-December 2024 period, at 1.3 billion. During FY24, the company had reported a 33 per cent jump in operating revenue at ₹7,615 crore, while narrowing its adjusted loss by 97 per cent to ₹53 crore and achieving operating cash flow positivity.

Founded by Aatrey and Sanjeev Barnwal in 2015, Meesho competes with the likes of Flipkart and Amazon India.

Published on July 3, 2025