E-commerce platform Meesho has received a board approval to become a public entity, marking a crucial milestone in its path towards a possible initial public offering (IPO). The decision comes in line with the wider strategy of the company to place itself for long-term growth and market preparedness.
In a regulatory filing, Meesho said it is “considering different strategic alternatives” to increase its value, including an IPO and listing on a recognised Indian stock exchange. The company, though, clarified that no formal IPO process has been initiated but that it will remain compliant and ready for such a step once the time is appropriate.
The shift from private to public form is a condition precedent to being eligible for an IPO under Indian law. In addition to such organisational reform, Meesho is also relocating its legal residence from the United States to India. The firm has filed a petition in the National Company Law Tribunal to formalise the move, the Economic Times reported.
After the redomiciling is finalised, the newly renamed ‘Meesho Limited’ would be the parent entity of the platform. Backed by deep-pocketed investors such as SoftBank, Tiger Global, and Prosus, Meesho had a gross merchandise value (GMV) run rate of US $ 6.2 billion as of March 2025, as per a note by brokerage CLSA.
