Know About Meesho Company Biography and Professional Details
Company Overview & Founding
Meesho (an abbreviation for “Meri Shop”) launched in December 2015. IoT Delhi graduates Vidit Aatrey and Sanjeev Barnwal created a Bengaluru-based social commerce marketplace.
Initially targeting small local stores, the platform quickly started focusing on a reseller model so that people could sell using WhatsApp and other social platforms with a zero-commission model - a strategy that grew its customer base rapidly across India’s price-conscious Tier‑2 and Tier‑3 cities.
Business Growth & Performance
In FY24, Meesho grew its net revenue to €7,600 crore (close to $1 billion), a growth of 33% year-over-year, and reduced losses to ₹53 crore (significantly down from ₹310 crore the prior fiscal year, excluding ESOP cost amortisations).
It also grew its Gross Merchandise Value (GMV) to over $6 billion, transacting with users to almost 190 million, and it is cash-flow positive, with user growth continuing to trend over 20% yearly.
Business Model & Monetisation
Meesho operates a zero-commission proposition, but it earns revenue through logistics fees (between ₹45–100 per order) from its logistics arm, Valmo, which has its own logistics and manages over half of the deliveries done each day.
Meesho also makes revenue through performance ads, where sellers pay for the ability to promote products on the platform. While this revenue is much less than other revenue streams, it contributes to profitability.
Restructuring & IPO Readiness
The entirely recreational "lay to rest" breaches meesho much completed corporate reconstruction addressing the initial public offering process. Around the middle of 2025, they will transition from being Meesho Private Limited to Meesho Limited and redomicile back from Delaware (USA) to India with a National Company Law Tribunal (NCLT) approval. The redomicile aligns the structure legally with regulatory structures required for a public listing in India.
In conjunction, the board approved a plan to issue a bonus share cash worth 411 crores rupees as a means of capitalising the business before publicly listing it.
IPO Plans, Valuation & Backers
Meesho intends to raise to ₹4,250 crores (~$500 million) for the domestic IPO expected to land around September-October 2025 (around Diwali).
Advisors on the IPO are Morgan Stanley, Kotak Mahindra Capital, Citi, and possibly JP Morgan. The plan is to have a target valuation of around $7-10 billion.
Shareholders have already approved the IPO resolution and have assigned leadership roles, including Vidit Aatrey, as Chairman & Managing Director.
Summary: Meesho has transformed from a small WhatsApp reselling tool into one of India's fastest-growing ecommerce platforms, with a substantial user base as well as evidence of improved financial performance. Its efforts in corporate restructuring and redomicile will put Meesho in a signal-ready position for a high-impact public listing in late 2025.
