Meesho’s initial public offering has emerged as one of India’s most closely watched tech debuts this year, drawing bids worth nearly $28 billion for its $604 million IPO as institutional investors piled in. The SoftBank-backed e-commerce platform, which competes with Amazon and Walmart-owned Flipkart, is moving toward the public markets after a period of rapid growth and improving financial discipline, with revenue rising nearly 30% in the first half of fiscal 2026 while losses narrowed sharply, according to its prospectus.
Founder and CEO Vidit Aatrey has credited Meesho’s momentum to a strategy focused on accessibility and cost control rather than aggressive monetization. The company continues to avoid charging seller commissions and is instead investing in AI-driven chat and voice tools to onboard first-time shoppers, particularly in smaller cities and rural areas. Meesho is also scaling Valmo, its logistics aggregation platform, and preparing to integrate financial services such as buy-now-pay-later and short-term credit for sellers—moves aimed at lowering delivery costs and improving margins as it enters life as a public company.
