Meesho eyes at going for IPO

05 March 2022, Mumbai:

Facebook-backed Indian startup Meesho targets early 2023 for IPO - source

The Bengaluru-based social commerce platform is working to be ready for a listing by the end of 2022 and is evaluating both Indian and U.S. exchanges, according to an internal document seen by Reuters.

Indian startup Meesho, which counts Facebook-owner Meta Platforms and SoftBank Group's Vision Fund 2 as its investors, is aiming to go public in early 2023, a source familiar with the matter told Reuters.

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The Bengaluru-based social commerce platform is working to be ready for a listing by the end of 2022 and is evaluating both Indian and U.S. exchanges, according to an internal document seen by Reuters.

In September, Meesho raised $570 million at a valuation of $4.9 billion in a Series F funding round led by Fidelity Management & Research Company and B Capital Group.

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CREDITS: retail.economictimes.