Archive · 29 Jun 2025
Meesho Shareholders Approve ₹4,500 Crore IPO Plan
Meesho, an online shopping company, got approval to sell shares to the public (IPO) and raise ₹4,500 crore.
They plan to sell new shares.
Vidit Aatrey, a founder, is now the chairman, managing director, and CEO.
The company's name changed to Meesho Private Limited.
Meesho is growing, with increasing revenue and lower losses.
They have gained market share by focusing on smaller markets.
Meesho shareholders approved a plan to raise Rs 4,500 crore through an IPO.
The IPO includes a fresh issue of equity shares.
Vidit Aatrey, co-founder, is now chairman, managing director, and CEO.
The company changed its name from Fashnear Technologies Private Limited to Meesho Private Limited.
Meesho's revenue increased from ₹3,240 crore in FY22 to ₹7,615 crore in FY24, with net losses dramatically reduced to ₹305 crore in FY24.
- Who
- Meesho, formerly Fashnear Technologies Private Limited, an e-commerce company founded by Vidit Aatrey
- What
- Meesho shareholders approved an IPO to raise ₹4,500 crore through a fresh issue of equity shares.
- When
- Shareholders approved the IPO on June 25, 2025.
- Where
- India
- Why
- To raise capital and become a publicly listed company.
- IPO Amount
- ₹4,500 crore (fresh issue)
- Offer Type
- Fresh Issue
- New Name
- Meesho Private Limited
- Leadership Change
- Vidit Aatrey: Chairman, MD & CEO
- Revenue FY24
- ₹7,615 crore
- Net Loss FY24
- ₹305 crore
