Meesho Secures ₹4,250 Crore IPO Nod, CEO Vidit Aatrey Elevated to Chairman Ahead of Landmark Market Debut

📈 Meesho Gets Shareholder Nod to Raise ₹4,250 Crore via IPO, CEO Vidit Aatrey Elevated to Chairman

Bengaluru, June 29, 2025 – In a major milestone for India’s booming startup ecosystem, e-commerce unicorn Meesho has received shareholder approval to raise ₹4,250 crore via an Initial Public Offering (IPO). This pivotal resolution was passed during the company’s Extraordinary General Meeting (EGM) held on June 25, as per regulatory filings dated June 27.

The offering will include a fresh issue of equity shares worth ₹4,250 crore, along with an Offer for Sale (OFS) by existing investors. While the final IPO size is yet to be confirmed, Meesho is expected to file its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in the coming weeks, likely through the confidential filing route.

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🧭 Leadership Restructuring: Vidit Aatrey Elevated to Chairman

In a strategic reshuffle that reflects the company’s ambitious growth plans, Meesho’s shareholders also approved the appointment of Co-Founder and CEO Vidit Aatrey as Chairman and Managing Director. This move consolidates Aatrey’s leadership as Meesho enters the final leg of its IPO journey.

“This elevation strengthens the continuity and vision of Meesho as it enters public markets with a mission to democratize online commerce,” said a company insider.

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Shift to Indian Domicile Reflects Startup Trend

Ahead of its IPO, the company completed a significant corporate restructuring, shifting its domicile from the United States to India. The company, originally registered as Fashnear Technologies Pvt Ltd, officially became Meesho Pvt Ltd on May 13, aligning itself with Indian regulatory and market conditions.

This follows a broader trend among Indian startups—Flipkart is reportedly exploring a similar move from Singapore to India to better access local capital markets.

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💼 Investor Outlook & Board Realignment

This company, backed by global investors including SoftBank, Prosus, Elevation Capital, and Peak XV Partners, aims to raise nearly ₹8,500 crore (~$1 billion) through primary and secondary share sales.

Notably:

• SoftBank and Prosus representatives have exited the board.
• Elevation Capital and Peak XV continue to hold strategic board positions.

This leaner governance model is expected to streamline Meesho’s IPO and future decision-making.

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🚀 What Lies Ahead?

Once the DRHP is filed, Meesho will become India’s first horizontal e-commerce platform to go public on the domestic bourses—potentially setting a benchmark for Indian digital-first businesses.

Market analysts believe the IPO could unlock immense value and usher in the next phase of Indian e-commerce evolution, especially given Meesho’s strong seller base, low-cost model, and deep reach into Tier 2 and Tier 3 cities.

#MeeshoIPO

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