Tech
Meesho concludes reverse flip process; likely to file DRHP in 2–3 weeks
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Ecommerce marketplace Meesho has concluded its reverse flip process and moved its domicile to India, said people in the know. Documents filed with the Registrar of Companies and seen by ET confirm the development.
“Meesho’s board met late on Sunday…and has approved the merger and share allotment to investors of the US entity. It is now a fully Indian company,” one of the persons said, adding that the company is expected to file the draft prospectus for its upcoming initial public offering in the coming two to three weeks.
The SoftBank-backed company…
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