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E-commerce platform Meesho has filed an updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), according to two sources aware of the matter.
“Meesho now plans to raise $700–800 million through the IPO, comprising a $500 million fresh issue and an offer-for-sale component of $200–300 million,” said one of the sources requesting anonymity.
This follows Meesho’s earlier confidential DRHP filed in July, which had pegged the primary issue at $500 million. The updated filing indicates a clearer equity…
