Newsletter
Social commerce platform Meesho is all set to go public, as it aims to raise around ₹6,000 crore through its IPO.
What’s happening: the IPO will raise ₹4,250 crore through new shares, along with an offer for sale of 175.7 million existing shares. The funds will help the company upgrade its cloud setup and bring in more tech and Machine learning talent.
Worth noting: Meesho now aims for a ₹52,500 crore valuation, which is a big drop from the $10 billion it once chased.
With this, Meesho also joins the list of new-age tech companies that went public this year, including Groww, Lenskart, PhysicsWallah (PW) and Pine Labs.
Big theme: India’s e-commerce engine is only getting started. The industry, worth $125 billion in 2024, is on track to hit $345 billion by 2030, clocking a strong 15% annual growth.
A joint ANAROCK-ET Retail report projects the sector will touch $550 billion by 2035, led by rising digital adoption and fast-changing consumer behaviour.
In short, India’s e-commerce story isn’t just big. It’s nowhere near the final chapter.
