Whalesbook
E-commerce major Meesho is preparing for its Initial Public Offering (IPO) next month, targeting a valuation of $6 billion (INR 53,700 Cr). The company plans to raise INR 4,250 Cr through a fresh issue, with existing investors selling shares via an Offer For Sale (OFS). While Meesho reported a 23% YoY revenue increase to INR 9,390 Cr in FY25, its net losses widened significantly to INR 3,915 Cr. The company boasts a strong market presence in tier II/III cities and an asset-light model, but faces challenges from high losses and intense competition.