Meesho To File IPO Papers In Few Weeks Via Confidential Route

E-commerce unicorn Meesho is preparing to file for an Initial Public Offering (IPO) in the coming weeks, opting for the confidential filing route with the market regulator, SEBI. This strategic move allows the company to keep its detailed financial and operational data private for a longer duration, shielding it from public scrutiny and competitors during the initial phase of the IPO process. Meesho is reportedly aiming for a valuation of around $4 billion in its public market debut. The company has been focusing on improving its financial health, including reducing its cash burn and achieving profitability, to present a more attractive proposition to potential investors. The decision to go public marks a significant milestone for the social commerce platform, which has gained immense popularity by focusing on Tier II and Tier III cities in India.