Meesho is set to launch its upcoming IPO, and the early investors and founders of the e-commerce company are staring at unexpected gains after the company set its price band at ₹105–111 per share, valuing the platform at nearly ₹50,095.75 crore at the upper end.
Meesho, an e-commerce platform that competes with Walmart-owned Flipkart and Amazon, continues to stand out in the competitive marketplace. The founders of Meesho, Vidit Aatrey and Sanjeev Kumar, together hold over 18.5% of the company’s shares and are set to earn substantial returns from the listing.
Vidit Aatrey, the co-founder and CEO, holds 47.25 crore shares, representing an 11.1% stake, making him one of the biggest beneficiaries. Acquired at a price of ₹0.06 per share, his stake is now valued at ₹5,245 crore at the top end — roughly 1,800 times its original value of ₹2.84 crore.
Among other shareholders participating in the offer for sale are Elevation Capital, Peak XV Partners, SoftBank-owned SVF II Meerkat, and WestBridge Crossover Fund.
The budget-friendly e-commerce platform plans to allocate ₹1,390 crore of the fresh issue proceeds to enhance cloud infrastructure at its subsidiary, Meesho Technologies, and ₹1,020 crore towards marketing and branding efforts for the same subsidiary.
In addition, ₹480 crore will be designated for covering salaries of current employees and new hires within the machine learning and AI technology teams for development initiatives undertaken by Meesho Technologies.
The Meesho IPO is being handled by major institutions including Kotak Mahindra Capital Company, J.P. Morgan India, Morgan Stanley India Company, Axis Capital, and Citigroup Global Markets India, with KFin Technologies serving as the issue registrar.