E‑commerce marketplace Meesho, founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, has approved a major corporate restructuring. The company’s board passed a resolution on June 5 to convert from Meesho Private Limited to Meesho Limited, marking a decisive move toward its planned public listing. It has also applied to shift its legal domicile from the US to India, aligning with domestic listing norms.
This conversion to a public limited company is a standard preparatory step for IPO readiness. Meesho has concurrently rebranded its Indian entity (formerly Fashnear Technologies Pvt Ltd) and authorized the issuance of ₹411 crore worth of bonus shares to existing stakeholders—intended to streamline its capital structure ahead of listing. The firm has engaged major financial advisors, including Morgan Stanley, Kotak Mahindra Capital, JP Morgan, and Citi, and has set sights on raising around $1 billion at a valuation between $7–10 billion.
Meesho’s transformation coincides with strong performance metrics: a 34% YoY growth in orders to 1.3 billion during April–December 2024, adding 187 million annual transacting users—a 26% rise. Its logistics arm, Valmo, launched in 2024 to improve delivery efficiency, also enhances the firm’s operational readiness for public offerings. Moreover, the shift addresses India’s Securities and Exchange Board (SEBI) rules, and mirrors moves by peers like Lenskart and Swiggy.
With its transformation into a public entity, adoption of bonus share allocation, US-to-India redomiciliation, and hiring of top-tier investment banks, Meesho has positioned itself strongly for a potential IPO in late 2025. The move underscores investor confidence in its Tier II–III city strategy, social commerce innovation, and growth-centric business model.