Meesho, a social commerce platform that has revolutionized how small businesses and entrepreneurs operate in India, has chosen Morgan Stanley, Kotak, and Citi as the underwriters for its $1 billion IPO. The company aims for a $1 billion valuation and plans to go public during the Diwali festival, which is a substantial increase from last year. Meesho‘s Road to IPO Founded in 2015, Meesho quickly distinguished itself by focusing on enabling small businesses and individuals, particularly women, to start their online stores via social media platforms like WhatsApp, Facebook, and Instagram. This approach tapped into a vast, underserved market, driving rapid growth. Unlike traditional e-commerce giants like Amazon and Flipkart, which primarily cater to branded goods, Meesho focused on unbranded products, resonating with value-conscious consumers in smaller towns and cities. A key turning point for Meesho was achieving profitability. After years of operating at a loss, a common trend among fast-growing startups, Meesho reported its first-ever profit in July 2023. This achievement demonstrates the company’s sustainable business model and its ability to navigate the competitive Indian e-commerce market. This is a crucial factor for investors considering an IPO. The $1 Billion IPO: What to Expect Meesho is targeting an IPO […]