A Look At Shareholding Pattern & Key Executives

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After opting for the confidential IPO route for its $1 Bn public float in July, ecommerce major Meesho filed its updated draft red herring prospectus (UDRHP) a few days back. While the IPO would see the company raise fresh capital of INR 4,250 Cr, it will allow Meesho backers like Peak XV, Elevation Capital, Venture Highway, Y Combinator, among others, to partially exit the startup.  

The offer for sale (OFS) component, which comprises a total of 17.6 Cr shares, will also see cofounders Vidit Aatrey and Sanjeev Barnwal (legal name Sanjeev…



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A Look At Shareholding Pattern & Key Executives


After opting for the confidential IPO route for its $1 Bn public float in July, ecommerce major Meesho filed its updated draft red herring prospectus (UDRHP) a few days back. While the IPO would see the company raise fresh capital of INR 4,250 Cr, it will allow Meesho backers like Peak XV, Elevation Capital, Venture Highway, Y Combinator, among others, to partially exit the startup.  

The offer for sale (OFS) component, which comprises a total of 17.6 Cr shares, will also see cofounders Vidit Aatrey and Sanjeev Barnwal (legal name Sanjeev…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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