About
Founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, Meesho operates under Fashnear Technologies Private Limited as a value-focused e-commerce marketplace. The company connects consumers, sellers, logistics partners and content creators across India through its asset-light platform and zero-commission model. Meesho enables individuals and small businesses to sell products nationwide using social media marketing and low-cost digital tools, democratizing internet commerce for millions of users.
As of June 30, 2025, Meesho had over 213 million annual transacting users and processed around 2 billion orders in the last twelve months. It is among India’s most-downloaded shopping apps and accounts for nearly 30% of e-commerce shipments in the country. The company continues to expand its AI-driven recommendation systems, improve logistics efficiency through Valmo, and build new growth avenues in content commerce and financial services for its ecosystem.
Meesho’s focus on “Everyday Low Prices,” an efficient cost structure and a data-driven business model have positioned it as a leading player in India’s digital retail market. Backed by strong technology investments and a growing seller base, the company aims to further strengthen its market reach while continuing to empower small entrepreneurs nationwide.
IPO schedule
| Issue open date | 2025-12-03 |
|---|---|
| Issue close date | 2025-12-05 |
| UPI mandate deadline | 2025-12-05 (5 PM) |
| Allotment finalization | 2025-12-08 |
| Refund initiation | 2025-12-09 |
| Share credit | 2025-12-09 |
| Listing date | 2025-12-10 |
| Mandate end date | 2025-12-20 |
| Lock-in end date for anchor investors (50%) | 2026-01-07 |
| Lock-in end date for anchor investors (remaining) | 2026-03-08 |
Financials
| Financial Year Ended | March 2024 | March 2025 | September 2025 |
|---|---|---|---|
| Total Assets | 4160.99 | 7226.09 | 6640.39 |
| Revenue | 7859.24 | 9900.90 | 5857.69 |
| Profit After Tax | -327.64 | -3941.71 | -700.72 |
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Total issue size | 5421.20 |
| Fresh Issue - Proceeds go to the company | 4250 |
| Offer for sale - Proceeds go to the existing investors | 1171.20 |
Utilisation of proceeds
| Purpose | INR crores |
|---|---|
| Investment for cloud infrastructure in MTPL (Subsidiary) | 1390 (32.71%) |
| Salaries for ML, AI & technology teams for development at MTPL | 480 (11.29%) |
| Investment in MTPL for marketing and brand initiatives | 1020 (24%) |
| Funding inorganic growth and general corporate purposes | 1360 (32%) |
Strengths
- Leading value-focused e-commerce platform with the largest user base in India.
- Asset-light, capital-efficient model powered by AI and data-driven flywheels.
- Zero-commission structure enabling sellers to offer low prices profitably.
- Strong logistics network (Valmo) reducing delivery costs and improving efficiency.
- Advanced AI-driven personalization and risk management enhancing trust and scale.
Risks
- Intense competition from large domestic and global e-commerce players.
- Dependence on small, fragmented sellers may impact product quality and trust.
- High reliance on cash-on-delivery orders affecting efficiency and cash flow.
- Regulatory uncertainty around e-commerce, FDI, and data protection norms.
- Potential brand damage from counterfeit goods or negative publicity.
Allotment Status for Meesho
To check your IPO allotment status:
- Visit the Kfin Technologies IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.