Meesho files for IPO, to raise ₹4,250 crore

Firm is eyeing a public market listing despite volatile market conditions

- Sowmya Ramasubramanian

-commerce firm Meesho Pvt. Ltd has filed a confidential draft prospectus with the markets regulator for an initial public offering (IPO) to raise as much as ₹4,250 crore in primary capital, according to a person in the know.

The Bengaluru-based company received shareholders' approval last week for its IPO and a change in the designation of Meesho co-founder and chief executive Vidit Aatrey as chairman and managing director (MD).

Meesho declined to comment on Mint's queries.

The company, which has raised capital from Fidelity Investments, SoftBank Group, Prosus and Peak XV Partners, joins a host of new-age firms opting for a public market listing this year despite volatile market conditions.