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After opting for the confidential IPO route for its $1 Bn public float in July, ecommerce major Meesho filed its updated draft red herring prospectus (UDRHP) a few days back. While the IPO would see the company raise fresh capital of INR 4,250 Cr, it will allow Meesho backers like Peak XV, Elevation Capital, Venture Highway, Y Combinator, among others, to partially exit the startup.
The offer for sale (OFS) component, which comprises a total of 17.6 Cr shares, will also see cofounders Vidit Aatrey and Sanjeev Barnwal (legal name Sanjeev…
