Meesho shareholders approve IPO intent, weeks after e-commerce giant shifts domicile to India

Barely a month after relocating its domicile to India, Softbank-backed e-commerce firm Meesho announced its intention to raise up to ₹4,250 crore through an initial public offering.

A regulatory filing dated June 27 2025, revealed that the private online retail giant received shareholder approval for IPO on June 25. Shareholders of Meesho approved the company to raise up to ₹4,250 crore through the issue of fresh equities.

This came at the heels of Meesho moving back to India, giving way to IPO rumours.

Meesho recently shifted its domicile to the country after the National Company Law Tribunal (NCLT) approved the merger of Meesho Inc., based in Delaware, to its Indian arm. This made many market watchers assume that the B2B-to-B2C retailer was looking to initiate its IPO.

Speculations seem to have cemented into the truth following the latest regulatory announcement.

A month ago (May 27 2025), the NCLT passed the merger of Meesho Inc. to Fashnear Technologies Private Ltd, with the latter changing its name two weeks ago to Meesho Private Ltd.

“The name change, effective from May 13 2025, aligns with Meesho’s strategic focus on strengthening its brand identity as a leading e-commerce platform in India. The name change reflects Meesho’s evolution to a comprehensive online marketplace. The company will now start working on the process for IPO,” a source has then told PTI.

Apart from Meesho, and earlier PhonePe, competitor Flipkart is also in the process of moving its domicile from Singapore to India ahead of a prospective IPO, according to reports.

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