Meesho Launches $606M IPO as Major Backers Hold Tight

[madtrader]

Indian e-commerce challenger Meesho is set to raise $606 million in its upcoming IPO — with major investors SoftBank, Prosus, and Fidelity opting not to sell. Early backers like Elevation Capital and Peak XV are trimming stakes, signaling confidence in India’s fast-growing value-commerce market as Meesho hits a projected $5.6B valuation.

[Nahid Hossen]

A $606M IPO backed by strong investors shows deep market confidence.

[Rimon Khan]

Backers holding firm signals belief in Meesho’s long-term vision.