Meesho files confidential DRHP to raise $500 Mn in primary capital

E-commerce unicorn Meesho has confidentially filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 4,250 crore (approximately $500 million) through a primary share issue, sources told Entrackr.

The filing comes on the heels of Meesho’s reverse flip to India and its transition into a public company last month.

While earlier reports suggested Meesho was eyeing a $1 billion IPO comprising both primary and secondary…