Meesho Gets NCLT Approval To Shift Headquarters To India, As Company Looks For Diwali IPO

Bengaluru-headquartered e-commerce platform Meesho has received a pivotal go-ahead from the National Company Law Tribunal (NCLT) to officially relocate its corporate base from the United States to India. This key approval represents a major milestone as the company gears up for a public market debut within the country.

NCLT Approval Enables Structural Realignment

Originally incorporated in Delaware, USA, Meesho has now obtained formal clearance to demerge from its American parent entity and consolidate operations under its Indian subsidiary. This redomiciliation is a critical move in the company’s roadmap to pursue a domestic Initial Public Offering (IPO) in the latter part of 2025.

A company spokesperson explained the rationale behind the decision:

“Since most of our stakeholders — customers, sellers, creators, and Valmo partners — are already based in India, this move brings our legal entity in line with where our operations truly lie.”

Launched in 2017, Meesho’s original overseas incorporation was influenced by its early backer, Y Combinator, to facilitate easier access to international capital and faster global scalability. However, with India’s digital commerce landscape growing rapidly, the company initiated its return process in 2024.

Following this transition, Meesho has now converted into a public company and is preparing to submit its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in the upcoming weeks.

Massive $1 Billion IPO Anticipated During Diwali Season

Meesho is reportedly eyeing an IPO around Diwali 2025, aiming to raise up to $1 billion, pegging its potential valuation at a striking $10 billion. This would mark one of the largest IPOs from India’s tech sector in the year.

Part of a Rising Trend Among Indian Startups

By returning to Indian jurisdiction, Meesho becomes part of a growing league of homegrown startups — including PhonePe, Razorpay, Groww, and Zepto — that are flipping their corporate structures back to India. This evolving trend signals increased confidence in India’s regulatory framework and public capital markets.

With redomiciliation complete and a massive IPO on the horizon, industry watchers are now focused on Meesho’s upcoming DRHP filing and the market’s reception to one of the most closely watched tech listings of the year.

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