MEESHO GETS SEBI APPROVAL FOR ₹6,600-CRORE IPO

Meesho has received regulatory approval for its %6,600-crore initial public offering, in which early investors including Elevation Capital and Peak XV Partners are expected to sell part of their stakes

- Sowmya Ramasubramanian

The e-commerce platform will raise around ₹4,250 crore through new shares in the IPO, while the rest will come from an offer-for-sale, where existing shareholders sell their stakes to new investors. The digital marketplace, which was founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, is targeting a public market listing in December, as per its updated IPO document, filed with the Securities and Exchange Board of India on Sunday.