Meesho Files Updated DRHP, To Raise INR 4,250 Cr Via Fresh Issue

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SUMMARY

The Softbank-backed giant’s public offer will also comprise an OFS component of 17.56 Cr shares, which will see participation from Elevation Capital, Peak XV Partners and the founders

Ahead of filing its red herring prospectus (RHP), the startup also plans to raise up to INR 850 Cr as part of a pre-IPO placement round

Meesho’s operating revenue rose 23% YoY to INR 9,389 Cr in FY25, while losses bloated nearly 12X YoY to INR 3,914.7 Cr, primarily due to tax liabilities related to…



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Meesho Files Updated DRHP, To Raise INR 4,250 Cr Via Fresh Issue


SUMMARY

The Softbank-backed giant’s public offer will also comprise an OFS component of 17.56 Cr shares, which will see participation from Elevation Capital, Peak XV Partners and the founders

Ahead of filing its red herring prospectus (RHP), the startup also plans to raise up to INR 850 Cr as part of a pre-IPO placement round

Meesho’s operating revenue rose 23% YoY to INR 9,389 Cr in FY25, while losses bloated nearly 12X YoY to INR 3,914.7 Cr, primarily due to tax liabilities related to…



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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