Indian company Meesho, backed by SoftBank, began taking orders on Wednesday for its initial public offering (IPO), which could raise up to 54.2 billion rupees ($603 million). The company, known for its social commerce platform, plans to use the funds to expand its business and strengthen its market position. This event has garnered significant attention from investors and analysts as it is set to be one of the largest IPOs in India this year. Meesho positions itself as a platform that enables small businesses and individuals to sell goods through social media, making it a unique player in the e-commerce market.
Meesho Launches IPO Worth Up to $603 Million
Indian SoftBank-backed company Meesho starts taking orders for an IPO that could raise up to $603 million. The company plans to use the funds to expand its social commerce business.