Meesho Files Confidential IPO Papers, Eyes ₹4,250 Crore Capital Raise

Indian e-commerce unicorn Meesho has confidentially filed draft papers for its much-anticipated initial public offering (IPO), aiming to raise approximately ₹4,250 crore ($497 million) in fresh capital. This strategic move places Meesho in line with other major startups preparing to tap into India’s resurging public markets.

🚀 IPO Filing Details

According to documents filed with the Registrar of Companies, Meesho has secured shareholder approval for the IPO. The filing also indicates that existing investors will partially exit, although exact details have not been disclosed.

The company is reportedly targeting a September-October 2025 listing, as per Moneycontrol, which first broke the news.

🔐 What Is a Confidential IPO Filing?

The confidential filing route enables companies to submit their draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) without making sensitive business and financial data public initially. This route helps protect proprietary strategies and operational details ahead of public scrutiny.

Other Indian startups such as Groww and Shadowfax have recently opted for confidential IPO filings as well.

🧾 Backed by Global Investors

Meesho competes directly with Amazon India and Walmart-owned Flipkart in the booming e-commerce sector. The startup has a strong investor backing, including:

Prosus Ventures

Elevation Capital

WestBridge Capital

SoftBank Vision Fund

Peak XV Partners

📊 Financial Performance

Meesho posted a 33% year-on-year revenue growth, reaching ₹7,615 crore in FY24. Impressively, the company has managed to sharply reduce its net losses to ₹305 crore, down from ₹1,675 crore in the previous fiscal year, indicating a positive trend toward profitability.

📈 India’s IPO Landscape in 2025

India’s IPO ecosystem has shown strong signs of revival after global macroeconomic concerns dampened activity in early 2025. As of June 30, Indian companies have raised $5.86 billion via IPOs, accounting for 12% of global IPO proceeds, according to LSEG data.

Moreover, IPO tracker PRIME Database reports that 143 IPOs are in the pipeline, potentially raising $26 billion—highlighting India’s continued appeal to investors.

📌 Key Takeaways:

IPO Size: ₹4,250 crore ($497 million) in fresh issue

Filing Type: Confidential IPO

Expected Listing: September–October 2025

Revenue (FY24): ₹7,615 crore

Net Loss (FY24): Reduced to ₹305 crore

Major Competitors: Amazon, Flipkart

Backers: Prosus, SoftBank, Elevation Capital, WestBridge, Peak XV