Meesho DRHP: A Look At Shareholding Pattern & Key Executives

This article delves into the updated draft red-herring prospectus (DRHP) of Meesho, highlighting fresh issue (≈ INR 4,250 crore), and an offer-for-sale portion. It details the shareholding pattern: Elevation Capital (13.61 %), co-founder Vidit Aatrey (11.10 %), Sanjeev Barnwal (7.41%), promoters ~18.51% holding ~78.8 crore shares. The funds will be deployed in cloud/AI/ML, marketing and acquisitions. FY25 revenue was ~INR 9,389 crore (up ~23% YoY) while net loss surged ~12× to ~INR 3,914.7 crore due to one-time costs (reverse-flip tax). It also profiles board/executives (CFO Dhiresh Bansal). The article gives insight into governance, ownership, fund-raising strategy, investor signalling and IPO readiness of start-ups.