Meesho
Meesho Raises INR 2,439 Cr from Anchor Investors With Nearly 30 Times Oversubscription
Out of the total allocation of 219,778,524 Equity shares to the anchor investors, 45.91% of the total allocation to anchor investors were allocated to 14 domestic mutual funds and 5 domestic insurance companies.
Meesho IPO to Open on December 3: Key Things to Know
With the proceeds from the fresh issuance, Meesho said it plans to scale its existing technology and cloud infrastructure, hire engineering and AI talent, alongside expand its marketing efforts.
Meesho Files Updated Draft Papers with SEBI for INR 4,250 Cr IPO
Elevation Capital and Peak XV will lead the secondary sale, offering 5.54 crore and 3 crore shares respectively, while investors like Prosus and SoftBank, which hold 12.34% and 9.31% stakes, will retain their shares.
Prosus to Pick Up 10.1% Stake in ixigo Parent for INR 1,296 Cr
The newly raised capital will be used to support organic growth, fund acquisitions, and strengthen working capital and general corporate activities.
StampMyVisa Acquires Travel Tech Startup Teleport
Teleport has been backed by well-known entrepreneurs including Kunal Shah of CRED, Vidit Aatrey of Meesho, and Phanindra Sama of RedBus.
Elevation Capital Sells Stake in Ixigo Worth INR 97.4 Cr
Previously, Elevation had also sold INR 100 crore worth of shares in a pre-IPO deal, and another INR 181 crore during the IPO through an offer-for-sale.
Meesho's Order Growth up 34% YoY in Apr-Dec on Increased Frequency, Diversity of Purchases
Meesho clocked 3.7 million orders per day, generating INR 197 crore in free cash flow. The platform featured 110 million daily active listings and have created 85,000 jobs so far, the company said.
Shraeyansh Thakur Resigns from Peak XV Partners After a Decade, Eyes New Venture
During his tenure, Thakur played a crucial role in investments and served as a board member and observer for prominent startups, including Atlys, Meesho, Cars24, Unacademy, and Zetwerk.
How e-Commerce Giants Kicked Off The 2024 Festive Season
Flipkart recorded 330 million visits during early access and day 1, Amazon recorded 110 million customer visits within the first 48 hours of its sale, Meesho stated 65 million visitors and Myntra enjoyed 120 million visitors during the same period.
E-Commerce Firm Meesho Aims To Digitize 10 Million Sellers By 2027
This goal signifies a ten-fold increase from the SoftBank-backed firm's current seller base of 1.3 million
Meesho Announces Its First Monthly Profit And Plans For IPO
Meesho Founder and CEO Vidit Aatrey said that a 43% surge in order volumes and 54% increase in revenue in the last 12 month contributed to the profitability of the company
Fidelity Investments Slash Meesho's Valuation By 10%
The valuation markdown for Meesho has come at a time when the Bengaluru-based startup is looking at reducing its cash burn
Meesho Plans To Go Public In 12-24 Months: Vidit Aatrey
The founder and CEO of Meesho said it is just a matter of choice to choose between growth and profitability
Meesho Issues Legal Notices To Social Media Influencers Engaged In an Alleged Defamation Campaign
Recently, multiple influencers on Twitter posted allegedly paid critical tweets against the company tagging its investors
The Man Who Pioneered Social Commerce
We as a platform want to enable 100 million small businesses to succeed online: CEO and Co-founder, Meesho