Meesho clears SEBI hurdle for $800 million public debut

Newsroom, October 19, 2025:

E-commerce platform Meesho, backed by Flipkart, received SEBI clearance for an $800 million initial public offering, paving the way for a 2026 listing amid a surge of new-age firms entering the market.

The Bengaluru-based company, which connects small merchants to rural buyers, will issue 20.3 crore shares through book-building, targeting a valuation near its 2021 peak of $3.9 billion after a $570 million funding round.

The approval aligns with a broader wave of tech listings, including food delivery leader Swiggy's $1.2 billion plan and baby goods retailer FirstCry's $500 million effort, signalling investor appetite for consumer platforms despite economic headwinds. Meesho's revenue doubled to $1.1 billion in FY24, driven by 1.4 crore sellers.