Bengaluru-based ecommerce platform Meesho has confidentially filed for a ₹4,250 crore Initial Public Offering (IPO) with the Securities and Exchange Board of India (SEBI), according to sources familiar with the matter. The fast-growing startup is targeting a market debut in September or October 2025, joining a wave of Indian tech companies preparing to go public amid renewed investor interest.
India’s Third-Largest Ecommerce Platform on a Growth Trajectory
Meesho has emerged as India’s third-largest ecommerce platform, achieving a gross merchandise value (GMV) run rate of $6.2 billion for FY2024-25. The company reported a 33% year-on-year increase in revenue to ₹7,615 crore in FY24, while significantly narrowing its net loss to ₹53 crore, down from ₹1,569 crore in the previous financial year.
IPO Momentum Picks Up Among Indian Startups
Meesho’s filing positions it ahead of several other prominent startups preparing to tap into the public markets. Fintech firm Pine Labs, online furniture seller Wakefit, and cloud kitchen operator Curefoods have also submitted IPO documents recently. This momentum suggests a strong revival in IPO activity among consumer-focused digital companies in India.
Investor Backing and Leadership Restructuring Ahead of IPO
Backed by marquee investors including SoftBank Group, Fidelity Investments, Prosus, and Peak XV Partners, Meesho received shareholder approval last week to proceed with its IPO. As part of its pre-listing restructuring, co-founder and CEO Vidit Aatrey has been appointed as Chairman and Managing Director of the company.
Confidential IPO Filing Offers Strategic Flexibility
By opting for a confidential IPO filing, Meesho gains the flexibility to engage with SEBI regulators without immediately disclosing sensitive financial information to the public. This strategy, increasingly adopted by Indian startups, allows companies to refine their IPO documents while protecting competitive intelligence.
Strong Growth Outlook Through FY2031
A recent report from CLSA projects Meesho will grow at a 26% compound annual growth rate (CAGR) through FY2031, benefiting from its low-cost, asset-light model and deep penetration into Tier-II and Tier-III markets. As of March 2024, Meesho was valued at $3.9 billion, according to data from Tracxn.
Conclusion: A Key IPO to Watch in India’s Tech Sector
With strong revenue growth, improved profitability, and robust investor confidence, Meesho’s IPO is poised to be one of the most significant listings in India’s startup ecosystem in 2025. Its successful market debut could set the tone for future IPOs in the ecommerce and social commerce sectors.