Meesho Eyes IPO Filing in Mumbai Within Weeks, Aims to Raise $700–800 Million

Bengaluru-based e-commerce platform Meesho, backed by SoftBank Group Corp., is preparing to file confidentially for an initial public offering (IPO) in Mumbai in the coming weeks. According to people familiar with the matter, the company reportedly targets a fundraising of $700 million to $800 million.

Although Meesho has not confirmed the development, this would represent a notable step for the social commerce startup as it attempts to access public markets with renewed investor interest in Indian digital businesses.

The confidential filing route is increasingly popular among high-profile tech startups. When companies begin the IPO process, it allows them to keep the financial details and other sensitive information out of public reach until later. This strategy enables flexibility in timing and can help mitigate volatility in market conditions.

If successful, the proposed offering would make Meesho one of the largest tech IPOs in India this year. The company has been part of a new wave of e-commerce disruptors focusing on value-driven online retail, especially targeting tier-2 and tier-3 markets across India.

Further details, including the timeline and valuation, will become clearer once the draft red herring prospectus (DRHP) is filed with the Securities and Exchange Board of India (SEBI).

Currently, Meesho joins a growing list of Indian startups and tech firms exploring IPOs amid an improving market sentiment and increasing global investor appetite for Indian equities.

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