
Meesho Limited is a multi-sided technology platform driving e-commerce in India through its marketplace, 'Meesho'. The platform connects consumers, sellers, logistics partners, and content creators, establishing itself as India's largest e-commerce player by the number of orders and annual transacting users as of September 2025. Meesho's value-focused model offers 'Everyday Low Prices' by operating on a zero-commission basis for sellers, which reduces costs and enables a wide assortment of affordable products. The company employs a technology-first approach, using AI and machine learning to deliver a personalized, discovery-led shopping experience, targeting value-conscious consumers across India.
Dec 03, 2025
Dec 05, 2025
Dec 10, 2025
Mainboard
Closed
5421.2 Cr
4250 Cr
1171.2 Cr
₹105 - ₹111
135
The net proceeds from the Fresh Issue are proposed to be utilized for the following key objectives:
Investment of ₹1,390 crores in its subsidiary, MTPL, to enhance and expand cloud infrastructure to handle higher transaction volumes and improve operational efficiency.
Allocation of ₹480 crores towards payment of salaries for existing and new hires in the Machine Learning, AI, and technology teams to drive platform innovation and development.
Investment of ₹1,020 crores in its subsidiary, MTPL, for expenditure on marketing and brand-building initiatives to increase consumer base and brand awareness.
Funding inorganic growth through strategic acquisitions and for general corporate purposes, with the total amount for these objectives not exceeding 35% of the gross proceeds.
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252.37%
-219.59%
-252.37%
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-69.04%
-9.42%
30.16
Operates on multiple scaled, self-reinforcing flywheels (commerce, logistics, content) creating strong network effects.
Employs a technology-first approach with a strong focus on AI-driven solutions for personalization, efficiency, and scale.
Asset-light, zero-commission marketplace model enables capital-efficient scaling and competitive pricing for sellers.
Largest e-commerce platform in India by order volume and annual transacting users, indicating significant market penetration.
History of significant net losses, raising concerns about the long-term path to sustainable profitability.
Heavy reliance on a large, fragmented seller base, which presents challenges in maintaining consistent product quality and service standards.
Business model is sensitive to discretionary consumer spending, which can be volatile during economic downturns.
High marketing and advertising expenditure required to acquire and retain users in a competitive market.
Significant headroom for growth in India's e-commerce market, which is projected to grow at a 20-25% CAGR.
Growing trend of 'value-focused e-commerce' aligns perfectly with Meesho's core business model and target audience.
Expansion of content commerce, which is projected to grow at a 30-40% CAGR, offers a major avenue for user engagement and monetization.
Increasing smartphone and internet penetration in Tier 2+ cities provides access to a large, untapped consumer base.
Intensifying competition from other large e-commerce players and new entrants could lead to price wars and margin pressure.
Dependence on third-party logistics creates vulnerability to supply chain disruptions, rising costs, and delivery inefficiencies.
Evolving regulatory landscape for e-commerce, data protection, and taxation in India poses compliance risks and operational uncertainty.
High sensitivity of discretionary spending to macroeconomic factors like inflation and income stagnation could impact demand.