ETtech Explainer: Unpacking Meesho’s updated DRHP for its $800 million IPO

Ecommerce platform Meesho has filed its updated draft red herring prospectus (UDRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) estimated at Rs 5,800–6,600 crore, including a primary issue of Rs 4,250 crore.

Meesho will become the first pure-play horizontal ecommerce marketplace to go public in the country.

The Bengaluru-based company is targeting a December 2025 listing. Other new-age companies such as Groww and Lenskart are also expected to tap the markets before the year ends.

Meesho had taken the…